An Employee-Ownership Trust has acquired majority shareholding of the company, with no immediate changes to senior leadership planned
Connectivity specialist Adder Technology has transitioned to employee-ownership via an ‘Employee-Ownership Trust’ (EOT).
The EOT has acquired the majority shareholding of Adder Technology for the benefit of employees across its global operations.
The move provides ensures ownership remains aligned with the people who contribute to the company and reinforces the company’s commitment to investing in its future.
Adrian Dickens, founder and CEO at Adder, said: “By transitioning to an employee-owned business we are laying the foundations for Adder’s next chapter. For over 40 years our success has been driven by the ingenuity, experience and dedication of our people. Employee ownership strengthens our independence, protects the culture that defines us, and ensures that the benefits of our future success are shared by the people who make it possible. This is a positive and future-focused step that positions us strongly for the long term.”
There are no immediate changes to the senior leadership or day-to-day operations of the business.
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