Addnode Group: Big in the UK
Research Note
2020-01-17
11:02
Yesterday, Addnode announced its acquisition of UK-based Excitech, the largest Autodesk Platinum Partner in the UK market. We like the acquisition for several reasons and raise our EBITA forecast for 2020 by 4.7%. We increase our Base case to SEK 180 (151).
FN
Fredrik Nilsson
Disclosures and disclaimers