Addtech believe that the best business decisions are made close to the customer. For this reason, Addtech’s organisation is highly decentralised, with great freedom for the companies to make their own decisions it has used the same key measure for more than 20 years
Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers are mainly in the manufacturing industry and infrastructure. Addtech has about 3,500 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than £1 billion. Addtech is listed on Nasdaq Stockholm.
Freedom with responsibility is Addtech’s fundamental principle. To succeed with this requires a strong culture with a passion for entrepreneurship, which rests, in turn, on our four core values. To live up to our vision of being a leader in technical solutions for a sustainable tomorrow, all companies including FB Chain we must live up to these core values.
Simplicity reflects our way of working. It should be easy for our customers and suppliers to work with us. It should also be easy to work at Addtech – the objectives should be evident, the methods simple, the decision paths short and the responsibilities clear.
It is essential to do the right things the right way. The efficiency of an organisation is based on the value of what is produced being higher than the actual cost of production.
The capacity to develop, grow and change when necessary is a prerequisite for success. At Addtech, we are good at adapting quickly to new conditions, new customers and new challenges in a market that is constantly evolving. A constructive and positive attitude is essential, as well as an openness to the new opportunities that the changes entail.
Responsibility and freedom
To be able to make decisions, we must be able to assume responsibility for what we do. To function properly, our decentralised organisation demands this. We must have clear areas of responsibility for: customers, products, functions, profitability and earnings alike. Freedom means that it is up to each company to choose both which suppliers to engage and what types of customers to process. All individuals must also feel free to make their own decisions and complete transactions.