Organisation and Corporate Culture

Addtech's subsidiaries are run using the 'freedom with responsibility' principle, and this independence is highly significant to Addtech's ability to retain and recruit business-driven employees and entrepreneurs. Freedom with responsibility means that the companies are free to run and develop their operating activities provided that they follow Addtech's business model and Group-wide rules.

The Parent Company does not govern the details of the operating activities, but provides an array of tools that support efficiency and optimisation. The tools are used in areas such as law, accounting and finance, training, quality and IT systems as well as in framework agreements (master contracts) for purchase of services and consumables.

Business units create synergies

Addtech has grouped its subsidiaries with similar products and solutions into 16 business units under the four business areas to harness the benefits of the Group's network of suppliers, customers and competence. Each business unit is led by a manager who often doubles as managing director of one of the constituent companies. The business unit manager and business area management support the subsidiaries through board work and in matters of a more operational nature.

The main task of each business unit is to create exchanges between the subsidiaries to identify and capitalise on business opportunities in their respective market segments. Each unit has formulated its own vision for its market area or area of technology, and cooperation in the business units reinforces a broader and more customer-oriented business focus among the subsidiaries. The decentralised organisational model is dynamic and ready to accept new companies that contribute to growth and development. The business units help to further strengthen Addtech's positions in its selected market segments.

More information about Addtech's business areas, units and subsidiaries is available at www.addtech.com/business-areas. 

Organisation for individual development

Addtech depends on skilled, highly proactive employees, and its operations are designed to give these people scope to flourish. The decentralised organisation safeguards employees' interest in developing their capacity to assume increased responsibility in their own subsidiary or other parts of the Group. Further career opportunities in a listed company may also be important to motivated entrepreneurs who are considering selling their business operation, but want to continue leading their companies within the framework of a larger company.

Business-driven corporate culture

Addtech has a long established corporate culture and shared core values that serve as a good source of guidance for employees in their work. The corporate culture is rooted in business skills with high levels of technical expertise, combined with individual freedom and a willingness to take personal responsibility.

The attitude and approach of Addtech employees are decisive factors when customers and suppliers choose to do business with Addtech. Freedom with responsibility has always been a key principle within the Group and it is key to employees' ability to work closely with customers and suppliers. The Group's employees are known among customers for their ability to create innovative solutions that meet customers' needs.

Five core values govern the Group's day-to-day work, and freedom and responsibility are two of these. The other three are simplicity, efficiency and change. Simplicity reflects our approach - methodical and focused, while efficiency reflects our emphasis on prioritising the right things at the right time. Change means employees being open to new conditions and challenges in constantly developing markets.

Employees' business skills also include an ability to see to their company's long-term profitability and growth based on doing business that benefits all parties. 

Addtech Business School

The Group takes a long-term approach on several levels aimed at increasing internal knowledge transfer, furthering the growth of employees and refining the corporate culture. The Addtech Business School and various internal Group projects are key tools in this context. Each year the Business School trains around one hundred employees in the Group's corporate philosophy, business acumen, presentation skills and negotiation techniques. Training within specific areas such as marketing and financial management is also arranged, resulting in employees developing both personally and professionally. This improves the chances of success and improvement in both our companies and the Group as a whole. All employees take the basic Vision & Corporate Philosophy course, which is attended in employees' first year with the Group.