Company Profile2017

32

Novotek has always helped its customers to store, structure and transfer information into knowledge. Today we have extremely effective tools which allow users to arrange and structure data for use at tremendous speed.

A SUMMARY OF THE PAST YEAR

A SUMMARY OF THE PAST YEARTABLE OF CONTENTS

A summary of the past year ......................................................................................3

Message from the CEO .............................................................................................4

Novotek in brief ........................................................................................................6

Transfer data into knowledge ...................................................................................7

GE’s digital industrial transformation .......................................................................8

Disruptive Technologies are a Part of PTC’s History ................................................. 10

Trusted. Worldwide. Industrial. Cybersecurity. .........................................................12

Your success, our goal ............................................................................................ 14

Employees and organisation .................................................................................. 16

30 years celebration .............................................................................................. 17

Customers, competitors and history .......................................................................18

Share information ..................................................................................................20

Five-year summary ................................................................................................. 21

Board of Directors ..................................................................................................22

Senior management, Auditor ..................................................................................23

Our offices .............................................................................................................24

• Operating income was SEK 212,1 (218,7) million.

• TheoperatingprofitwasSEK20,6(18,8)million.

• TheprofitaftertaxwasSEK15,7(14,4)million.

• Earnings(attributabletoshareholdersof theparent)persharewereSEK1,5(1,4).

• TheordersreceivedwasSEK203,8(227,0)million.

• CashflowfromcurrentoperationswasSEK18,7(12,9)million, or SEK 1,8 (1,2) per share.

• TheBoardproposesadividendof SEK1,25(1,0)pershare forthefinancialyear2016.

In 2016, Novotek partici-pated in about 30 major fairs and events. Were you maybe one of those who ate popcorn in our booth and talked about cyber security?

FAIRS

”

54 MESSAGE FROM THE CEOMESSAGE FROM THE CEO

THE CORE OF NOVOTEK In the beginning and throughout the history of Novotek, HMI/SCADAbusinesshavealwaysbeenthecoreof Novotekandthispartof ourbusinessisnotgoingawayanytimesoon.Ievenbelieve that we will see an upturn in thisareawithnewtoolsforworkflowhandlingbeingadopted.Manyvisionshavebeenpresentedforautomationinthe past yearswith autonomous con-trol,AI anddistributed logic.All thisrequireacompleteoverhaulof theba-sic hardware from the mechanics viathe sensors up to control and supervi-sion.Tochangeall thiswill takea lotof resourcesanditwilltaketimeandIbelievethatmostcompanieswillfocustheir digital transformation power onthe customers’ outcome and percep-tionof themratherthanlowlevelma-nufacturingcontrol.Thisisagreatop-portunity forus tobothmaintain theexistingcontrol level andat the sametimeextractdataandsenditouttova-rious cloud solutions. These integra-tion and communication parts are the key success factors for Novotek andwewillfocusallourcoreteamsonthisgoingforward.

DIGITAL TRANSFORMATIONTotransformisalwayshardandthere-sistance to change is what is holding manycompaniesbackonIIoT.Novo-tek isuniquelypositionedtohelpouthere due to the deep relationship with GE,wherewehaveacquiredtheonly,Iwouldsay,blueprintthatexistonhowtrue digital transformation come

about. GE and its CEO and President Jeff Immelt havemade a remarkablejourney over the past 10 yearswherehe has turned a +100 year companyfromaBigIroncompanytoaDigitalIndustrialcompany,wheretheinnova-tion speed is incredible. GE is at the moment rolling out its own acquired knowledge to its customers and theworld.ButGEcanonlyworkwithsomanyandespeciallythemidandsmallcompanies can’t be partners directlywithGE.HerehaveGEdecidedthatlongtermpartnerslikeNovotekshould

takeleadandformdigitaltransforma-tion partnerships and guide this kindof companiesintothefuture.Thispre-sentanewtypeof businessforNovo-tekbutwehaveacceptedthischallengeand will start deliver digital transfor-mation partnerships and blueprinting activities.

UNSECURE WORLD CRAVES FOR SECURE COMMUNICATIONTheeventsinrecenttimeliketheemailattacks on the US election and theUkrainepowergrid,haveputfocuson

securityinournetworksandmanyaretryingtoprepareforanattackof somekind.Novotek have awell-positionedportfolio for protecting productionandprocessnetworks.Whatwethoughhaveseenduring the lastyears is thatthere is a gap between what the pro-ductscandoand thematurityof thenetworks they are supposed tobe in-stalled into.Therefore,Novotek havestartedtoofferamorecomprehensiveofferingwhereweinthesamewayas

with the digital transformation offeradvice and to educate organizations in how to prepare themselves. I believe the need for security is increasing bythedayandinorderforcompaniestobeabletoexploreandusemodernIoTsolutions,securitymustbeanintegra-tedpart.Thisisalsocloselyrelatedtothecoreof Novoteksincethesystemsthataresupplingthedataareinmanycasesautomationsystems.

GREAT FUTURE WITH GREAT OPPORTUNITIESAsanoptimist,Ialwaysseethepossi-bilitiesratherthantherisksandsomesaythattheITthreatswillkilltheIoTand digital transformation before weeven see the value. But I’m certain that wehavealreadypastthetippingpointand we are gaining momentum in the IIoTbusiness.Novotekisgreatlyposi-tioned in these areas since we knoweverything about connecting to devi-

ces, transferring data and present it,butat thesamewaybeingable todothis in a safe way. But if you don’tknowwhyyoudoitorwhattopresent,it becomes useless and without value. It is here that digital transformationcomesintoplaywithnewtoolsforinn-ovationlikeLeanStartup.Novotekhasanexcellentpositiontobeabletosurf thiswaveandI’m looking forward tomeeting partners and customers in the comingyear!

STABILITY

KNOWLEDGE

ENVIRONMENTAL

TRANSFORMATION

COMMUNICATION

OPPORTUNITIES

FUTURE SECURE

•TRANSFER DATA INTO

KNOWLEDGE By transforming collected production data into valuable knowledge, companies can for example not only reduce their own maintenance costs but also use this knowledge to position itself as a service provider.

•TURNING TO THE CIO FOR INNOVATION

With support from manage-ment, the CIO can be freed and focus on new digital offers.

•INVESTING IN IT-PLATFORM

Successful companies focus on and invest in a digital infrastructure.

•ENSURE ORGANIZATIONAL

READINESS IoT not only involves a tech-nology shift but will also affect the company’s busi-ness models, which requires both investment and training of its own organization.

FOUR FACTORS FOR

REALIZING FULL IOT VALUE

MESSAGE FROM THE CEO2016 was a year of celebration in Novotek when we looked back on the 30 years we have been in operation. But it was also the year where we truly set off into the future with the new areas IIoT and Cyber security. We have set out on this new journey with the same enthusiasm as we did in 1986, with PC based HMI/SCADA. The past year was in terms of profit a good year with solid margins even though we had a small drop in income. This on the other hand shows that we have a great delivery model with a great team behind it. With this as a back-drop, it feels great to be able to go into the future with continued focus both on the old and on the new areas and offerings.

Tobias AntiusChief Executive Officer

76 TRANSFORM DATA INTO KNOWLEDGE

91% of companies Novotek asked stated that they have problems transforming their data to knowledge that they would benefit from. These are just the kind of problems Novotek is experts in.

TRANSFORM DATA INTO KNOWLEDGE

NOVOTEK IN BRIEF

OPERATIONSNovotek’scoreexpertiseisinsolutionsfor industrial IT and automation,which improve the efficiency of ourcustomer’s information managementand production processes. Within-depthknowledgeabouthow

industrial information flows are crea-tedandcontrolled,Novotekisable,bycombining products and related servi-ces such as consultation and training, to ensure that our customers maintain and strengthen their competitiveness. We provide solutions covering the

full spectrum of data management,fromcollectionandstoragetoanalysis,

visualisation and control.Keyindustriesincludeenergy,food,

pharmaceuticals, iron & steel, chemi-cals & petrochemicals, paper & pulp, manufacturingandwater&sewage.

MISSIONNovotek’soverallmissionistobeale-adingdistributorof productsandsolu-tions within industrial IT and automa-tion in the Nordic and Beneluxcountries. Using Novotek’s own pro-ducts,weareseekingtoattainaglobalrole in those niches where we have chosentohaveourownproducts.Allofferedsolutionsmustenableefficien-

ciesandoptimisationof manufacturingprocesses, municipal installations and infrastructure.

OFFICE NETWORKNovotek has nine offices, includingtwo in Sweden, with sales representati-ves in two further locations, three inDenmark, one inNorway, one in theNetherlands,one inBelgiumandoneinFinland.Ourexportbusinessoutsi-deNovotek’sofficenetworkismainlyconcentratedtoMalmö.

NOVOTEK IN BRIEFNovotek’s business concept is to deliver products and solutions to its customers which ensure their need for production, IT and automation. Our solutions are created from standard pro-ducts which collect, store, analyse and control the customer’s data flows. The idea is to give the customer the freedom to view, control, optimise and follow up their production processes from any location.

A FOCUS ON OUR CUSTOMERS’ SUCCESSOur solutions make our custo-mers more suc-cessful. Our dri-ving force is ourcustomers’ abilityto understand and use their data.

A MIX OF PRO-DUCTS, SERVICES AND SOLUTIONSSolutions that make a differenceareattheheartof our offering. Allsolutions are ba-sed on our pro-ducts, externallysourced as well as in-house, and are functionally assu-red through our services.

INNOVATIVE SOLUTIONS FOR A NEW WORLDEveryone shouldbe able to see, ma-nage and control their production activities when, where and how they want. Novo-tek’s solutions aredesigned to sup-port this ambition.

SOLUTIONS FROM SMALL TO BIGCompanies need to be able to start small and grow as required. That’s whyNovotek’sso-lutions comes in all sizes.

IN THE VICINITYItismoreefficientand agreeable to beabletospeaktosomebodycloseathand and in yourown language. Novotek shallalwaysbeclosetoits customers.

AN INTEGRATED AND UNIFORM NOVOTEKNovotek aims togive its customers better solutions, fastersupportanda wider product portfolioinallourareas.

STRATEGYTo achieve our overall mission, a strategy based on the following key elements has been developed:

KEY FIGURES 2016 2015Operating revenue, SEKm 212,1 218,7Profit after net financial income, SEKm 20,7 19,5Earnings per share, SEK 1,5 1,4Operating margin, % 9,7 8,6Cash and cash equivalents, SEKm 60,1 50,8Equity/assets ratio, % 54,9 54,4Number of employees, 31 Dec 105 114

SEE PAGE 21 FOR DEFINITIONS OF KEY PERFORMANCE INDICATORS

46%

41%

38%

33%

31%

31%

25%

8%

48%

1%

USING THE RIGHT PLATFORM

DATA FROM DIFFERENT SOURCES

LACK OF EXPERTISE

DATA NOT BEING EASILY ACCESSIBLE

DIFFICULTIES TO SCALE UP EXISTING PLATFORM

LACK OF RELIABILITY WITH EXISTING PLATFORM

NOT HAVING A STRATEGY IN PLACE

THERE ARE NO CHALLENGES

DO NOT KNOW

THE FOLLOWING PROBLEM AREAS HAVE BEEN IDENTIFIED:

OF ALL DATA THAT COMPANIES COLLECT IS ANALYZED.

98

The industrial world has been shaped by a series of foundational technology changes over the last 250 years: steam and rail (1750-1830), electricity and telephone (1880-1920), computer and IT (1960-2000), and the current era of Industrial Internet of Things (IIoT), and big data (2010-present).

GE’S DIGITAL INDUSTRIAL TRANSFORMATIONGE’S DIGITAL INDUSTRIAL TRANSFORMATION

GE’S DIGITAL INDUSTRIAL TRANSFORMATION

Each technology change introducedwaves of productivity improvementsaccompanied by market disruption,whereby some industrial leadersweredisplacedbytheriseof newcompeti-tors.GEhasbeenthe“Uberof cand-les”duringtheelectrificationera,whenwefirstjoinedtheDowJonesIndustri-al Average as a founding member in1896. General Electric has survivedmany disruptive waves since then byinvestinginnewcapabilitiesfirst.

THE AGE OF THE DIGITAL INDUSTRIALThecurrentageof thedigitalindustri-al ismarkedbyfallinghardwarecostsandagile softwaredevelopmentusingcloud technologies. Some improve-mentsrelyonbothadeepknowledgeof thephysicsof somemachine,beha-vior, and powerful analytics. Today’spredictive algorithms and machine learning capabilities enable use cases thatwerenotpossibleevenfiveyearsago.

But it is not just about “big data”: manyperformance improvements areaboutusingmethodsknownforyears,butnotprofitablewithoutagiledeve-lopments methods. With thesemethods, applications designed to be veryeasytousecanbedevelopedinacoupleof weeks.Digital industrial is alsoaboutcrea-

ting“digitaltwins”,usingamodelof acritical asset or process fed with realtime data. This twin can be used to get abetterunderstandingof whatishap-pening in a machine without opening it.Itisalsousedtoidentifyanomalies,whenthebehaviorof thetwindiverges

fromtherealequipment.Thisenablesindustrialcompaniestorapidlyrefactoroperations,improveexistingofferings,bring new data-driven products to market,andinnovatewithnewoutco-me-based business models.

EUROPE FOUNDRY, A CENTER DEDICATED TO CO-CREATION AND DIGITAL INDUSTRIAL TRANSFORMATIONIn September 2015, GE created GEDigital toshare itsdigital transforma-tionexperienceanditsdigitalindustrialplatform Predix, with other compa-nies.We thought thatmany industrialcompanies would have the same need we had – a platform which you cantrusttohostyourmostimportantdata,algorithms, make industrial applica-

tions developments and roll-out as simple as possible.

For this, it was clear that our custo-merswouldneedwhatwecreatedforourselves.Aplacewhereyoucanfindthe best industrial data scientists, able tofindthesmallestneedlesof valueinyourhaystacksof data.WhereEngine-ers can help create agile applications to automate insights. Designers able tohelp our customers select the most profitable,easiest to implementappli-cations and build easy-to-use applica-tionswhichneedverylimitedtraining.The Europe Foundry is also whereGE, its customers and partners (sys-tem integrators, academics, etc) meet tofindnewsolutions toPredix com-munitymembers’problems.

AtGEDigital,wevalue a lotwhatNovotekhasachievedoverthelast30yearsaspartners.TogetherwithNovo-tek,wenowhelpourcustomersbene-fitfromthisDigitalindustrialjourney.Novotek iswellpositioned todo thisasforyearstheyhavebeensellingandimplementing automation, SCADA/HMIandMESsystems thatnowcanbeleveragedwithnewPredixcloud-ba-sedplatformapplications. Whenyousee the coming opportunities in all in-dustries, it is just the beginning of afantastic revolution toward greatachievements like greener energy orbrilliantmanufacturing.

Vincent ChampainGeneral Manager GE Digital EU Foundry

1110 DISRUPTIVE TECHNOLOGIES ARE A PART OF PTC’S HISTORY DISRUPTIVE TECHNOLOGIES ARE A PART OF PTC’S HISTORY

DISRUPTIVE TECHNOLOGIES ARE A PART OF PTC’S HISTORY If you do things the same as everyone else, your solution will be the same as everyone else’s.

It’salwaysagoodideatolistentothebestadviceotherscanoffer,butif youwant to stand out and drive develop-mentforwardtonewheights,thebot-tomlineisthatyoumustgoyourownway.Thisisespeciallytrueif youram-bition is to create something disrupti-ve. Innovative ideas, financial resour-ces and perseverance are the main ingredientsinthisrecipeforsuccess.LookingbackonPTC’shistory,the-

se characteristics seem to be built into thewallsattheheadquartersinNeed-ham,Boston.Thecompanywasfoun-

ded on such an event: when his employer in the lateeighties,Compu-tervision, showed no interest in his groundbreakingparametric,associativefeature-based CAD, Sam Geisbergsimply founded his own company,PTC,andrealizedthedreamof suchasystem. This was ProEngineer, thesedays known as CREO. Today, everyCADsystemisbasedon3Dparame-trics.From 2000 to 2010, PTC’s leader

Dick Harrison took the organizationonajourneyfrombeingasmall,lethar-

gic CAD organization who believedthattheycouldliveontheirpast“para-metric glories,” to becoming a modern enterprisePLMsolutionprovider.Hebought14companiesoverthecourseof thatdecade,andsawrevenuesgrowfrom$658million inFY04 to $1,075billioninFY08.When Jim Heppelmann took the

helm2010,hehadanother agenda inmind. His plan revolved around theidea of combining product develop-mentcapabilitieswithfieldperforman-cedatafromtheproducts.Thisinvol-

ved adding elements of control andanalyticsinbetween,andthenfeedingthe data back into the product deve-lopmentsystem,withtheintentionof closingtheproductlifecycleloop.Thishasproventobeanexcellentidea,es-peciallyafterhavinginvestedheavilyinIoT. Sofar, thecompanyhasspentover

$600M in direct investments, buyingcompanies and solutions, and additio-nallyspentsome$400Mtoaligntheirexisting enterprise software businesswith the IoT solutions.

These have been large investments, buttheyhavestartedtopayoff:PTCisrecognizedasamarketleaderbyatle-astfiverespectedanalystssuchasFor-rester and IoTAnalytics.With an al-

most 20 percent share held by itsThingWorxsoftware,PTCisthenum-berone IoTplatformon themarket,accordingtoIoTAnalytics.

We are the heartof your industrial control system

Heppelmann has been consistentanddetermined inhis efforts, andhefirmly claims that IoTcapabilities arenot only a natural extension of thecompany’sPLMstrategy,butwillalsobringsubstantiallyhigherlevelsof re-venues to this classicPLMandCADplayer. The same is expected of thenew business model, discussed above,

whichPTClaunchedlastyear.“Upto40 percent more revenue over timefrom customers under the new sys-tem,”assertedHeppelmann.Therearesomeskeptics,yes,butin-

vestorsbelievethatthecompanymadesignificant progress, and the “stockprice is now trading at levels we haven’t seensincelastcentury.”ClearlytheIoTplatformThingWorx,

itsconnectionbackintothePLMsys-tem, PTC’s product definition solu-tions,andpotentiallythenewbusinessmodel, are all aces up Jim Heppel-manns sleeve. So far, the PTC leaderhasplayedhiscardswell,butthebestisstill to come.

Mission Statement - To be a global business specializing in providing secure digital access and control to any type of data residing in any industrial thing that is accessible by any communications medium and protocol/API to anyone or anything at anytime and any location.

FOCUSED ON CONNECTIVITY SOFTWARE FOR

INDUSTRIAL AUTOMATION AND

THE INTERNET OF THINGS.

COMMITTED TO QUALITY CONTROL AND TECHNICAL

SUPPORT.

APPLIES A MARKET-DRIVEN APPROACH TO

PRODUCT DEVELOPMENT.

Jim HeppelmannPresident and Chief Executive Officer PTC

1312 TRUSTED. WORLDWIDE. INDUSTRIAL. CYBERSECURITY.TRUSTED. WORLDWIDE. INDUSTRIAL. CYBERSECURITY.

Cyber-attacks on critical infrastructure and industrial networks have become a daily reality and concern as cyber-attacks on critical infrastructure and industrial networks are turning into a major global threat. Successful attacks, such as the April 2016 attack on the Gundrem-mingen Nuclear Power Station in Germany, the 2015 attack that caused a power outage in the Ukraine and the 2015 attack on the Swedish Civil Aviation Administration, are proof that securing industrial networks is mandatory.

TRUSTED. WORLDWIDE. INDUSTRIAL. CYBERSECURITY.

1. THE INDUSTRIAL INTERNET AND IT/OT CONVERGENCE The adoption of new technologiessuch as Industrial IoT, machine lear-ningandartificial intelligenceand theconvergence of the IT and OTnetworks,deliverextendedconnectivi-tyandrevolutionizethewayindustrialfacilities operate. However, whilepursuingthebenefitsof extendedcon-nectivity,thenewsecurityrisksitbringsaboutcannotbeoverlooked.Thesecuritychallenges thataccom-

pany connectivity are based on therisksthatderivefromthenetworkbe-ingmoreexposedandthediscoveryof previouslyunknownandnewvulnera-bilitiesinthenetworks’assets.Asindustrialnetworksbecomemore

connected, complex and distributed,air-gappingthenetworkcannolongerexist as a securitymeasure. Cyber at-tackersaretakingadvantageof thecol-lapse of the air-gap protection wall,introducingnewattackmethods.Deploying a security solution in an

operational environment has to address the risks of a changed attack surfaceand newly discovered vulnerabilities.Complete visibility into the entirenetworkanditsassetsatalltimes,com-bined with regular, automated vulnera-bilityassessments,willdeliveron-goingprotection,ensuringnetworkresilienceandoperationalcontinuity.

2. HIGHLY MOTIVATED CYBER-ATTACKERS There are a range of potential cyberattackers, each with different motiva-tions that increase the risk in variousriskdomains:• Nation-states-disruptiontocriticalinfrastructure,as recentlyobserved intheUkraine,Sweden,Estonia,etc.• Cybercriminals – ransomwareattacks that create the riskof disrup-tion to production operations• Cyber-espionage-theftof corpora-teIP/tradesecretssuchasproprietarymanufacturing processes, designs andrecipes• Hacktivism - groups that operateunder social or political beliefs thatwanttomakeastatementbydamagingyourassets

3. INDUSTRIAL NETWORKS ARE EASY TARGETSRiskisfurtherincreasedbythelackof defense-in-depthforOTnetworks:• AsOTnetworksbecomemorecon-nected, complex and distributed,air-gappingthenetworkcannolongerexist as a securitymeasure. Cyber at-tackersaretakingadvantageof thecol-lapse of the air-gap protection wall,introducingnewattackmethods.• Weakornoauthenticationbecausemost industrialprotocolsweresimplyportedtoIPfromlegacyserialproto-cols, and the protocols assumed that anyonewithconnectivitytothedevicewasauthorizedtomakechangestoit.• No monitoring to detect insidersthatcaneasilyconnecttoOTnetworks(USB drives, employee laptops, ICSvendors or contractors performingmaintenance on ICS devices). These can be malicious insiders, careless insi-ders or external cyber-attackers thatappeartobeinsidersbecausetheystealcredentialsfromprivilegedinsiderslikeDomainadminsorDBAs.

THE CYBERX PLATFORMTheCyberXPlatformbrings tremen-dousvalue toOTNetworkoperatorsandengineersaswellastosecurityex-ecutives,byaddressingtherisingsecu-rity challenges of the Industrial IoT.UsingouruniqueIFSManalyticstech-nologythatmodelstheOTnetworkasaFiniteStateMachine,XSenseenableshighsensitivitywhilemaintainingasig-nificantly low rate of False Positivealerting. In addition, its continuous VulnerabilityAssessmentprovidesun-paralleled, comprehensive insight into

• Complete awareness of industrial malware, targeted threats, and vulnerabilities in the ITS operational network that can lead to operational disruption and theft of corpo-rate IP.

• Continuous, non-invasive vulnerability assessments for industrial vulnerabilities such as unauthorized remote connections and unpatched or unknown devices.

• Deployed in less than an hour — with zero configuration required, supporting any industrial equipment vendor, indu-strial protocols & SIEM and providing REST APIs.

thenetworks’riskposture,andcreatesa new reality, in which critical infra-structure facilities, utilities andmanu-facturing entities, can easily maintainenhancedsecuritypostureandnetworkresiliency.CyberX provides the most wide-

ly-deployed industrial cybersecurityplatformforcontinuous,non-invasiveriskassessmentandM2Manomalyde-tection. Our purpose-built platformenables organizations to detect and re-spondfaster to risk in their industrialnetworks.

Supporting all industrial protocols, our technology is rapidly deployedwith zero impact on operations, inte-gratingviaRESTAPIswithallHMIsand SIEMs.CyberXuses patent-pen-dingM2Mbehavioralanalyticstomo-del ICSnetworks as deterministic se-quences of states and transitions, atechniqueknownasfinitestatemachi-ne(FSM).Combined with other analytics and

proprietaryICSthreatintelligence,thisenables rapid detection of industrialmalwaresuchasBlackEnergyandHa-vex, and vulnerabilities such as unau-thorized remote access and device mis-configurations.

Theextendedconnectivityof the In-dustrialInternethasexpandedtheICSattacksurface,andintroducednewat-tackvectors.CoupledwiththefactthatmostOTnetworks are comprised of legacy assets thatwerenotdevelopedwithsecurityinmind,thishascreatednew challenges for deploying securitywithinindustrialnetworks.Security andoperations teamsneed

to collaborate and address the new challengesthatrevolvearounddeploy-ingsecuritysolutions in industrialen-vironments, where the potential im-pactof anyincident,beitoperationalorsecurity-related,canbebothextre-melycostlyanddevastating.CyberXprovidescontinuous,real-ti-

meriskmonitoringforIIoTandICS/SCADA Networks, and is the onlyfieldproven, end-to-end solution,de-ployed inover100 industrialandma-nufacturingsitesworldwide.Ourtech-nology is patent pending and is themost advanced, scalable and reliable security technology for fully coveringindustrialnetworks,withnodisruptionto operations.

3 TRENDS DRIVING ICS CYBERSECURITY

The understanding that securityneeds to be part of operationalnetworksisbecomingmoreprofoundeveryday.Deploymentof securityso-lutionsinindustrialnetworkshastobeweaved into the connection between legacyandnew,betweenphysical andvirtual, between people and technolo-gy inorder to ensure allpartsof thenetworkaresecure.ICS security should be simple and

straightforward and should have noimpact on operations. The CyberXplatform combines continuous,non-invasive vulnerability monitoringandadvancedbehavioralanalyticswithproprietary threat intelligence, rapidlydetecting both cyber and operationalincidentstomaximizeuptime.

Omer Schneider CEO and co-founder CyberX

1514 YOUR SUCCESS, OUR GOALYOUR SUCCESS, OUR GOAL

YOUR SUCCESS, OUR GOALNovotek operates primarily in the areas of industrial IT and automation. In these areas Novo-tek has solution architects and technology specialists with long experience of all stages of the lifecycle of solution.

Novotekalsohasapplicationknowledgeinpracticallyallindustries,whichhasbeenacquiredovertheyears,aswellasawidenetworkof globalandlocalpartnersinallindustries.Coupledwithexperience,knowledgeandbusinesspartnersandaport-folioof thebestproductsinthemarket,thisenablesNovotektooffertherightsolutiontoeachcustomer.Asolutionwhichoffersopenness,scalabilityandflexibilitywithoutcompromisingonqualityorprice.Amixthatincludesthesequalitiesiswhatthemarketiscurrentlydemanding.Atatimewhenoutsourcingandstreamlinedorganisationshavemadebusinessesdepen-dentonindividualplayersNovotek’sopenandscalablesolutionsofferanalternativetotherigidsolutionsprovidedbymanyof ourcompetitors.NovotekhasalwaysprovidedopensolutionsandhasbeenapioneerinindustrialITandautomation.Novotek’soffertothemarketisuniqueandgivescustomersanassurancethatNovotekwilldeliversolutions,productsand

services which ensure their success.

MARKETS AND TRENDSThemarketwasstablein2016,withexceptionof theoilandgasmarket.Atthesametime,thewholeof 2016wascharacterizedbyalowdemandandlongdeci-sion-makingtimesatourcustomers.Themarketin2017isexpectedtoremainpendingwithregardstoinvestments

insystemsandproducts,althoughanimproveddemandwasnotedinthefourthquarterof 2016.TheworkcontinuestointroduceoffersfrombothGEandPTCwithinIoTandCyberSecurity,whichwillcreategrowthopportunitiesforNovo-tek.Novotek’soverallmissionistobealeadingdistributorof productsandsolu-

tionswithin industrial ITandautomation in theNordicandBeneluxcountrieswithafocusonenergy,infrastructure,iron&steel,chemicals&petrochemicals,food,pharmaceuticals,paper&pulp,manufacturingandwater&sewage.

STR

ATEG

Y

Success forNovotek’s customers is asuccessforNovotek.IndustrialITandautomationaretodaythemainmeansof competitioninthefighttomaintainproduction in northern Europe and to help in our customers’ effort to sup-port their users globally. We conti-nuouslymonitoring themarket to beabletosupportthemostefficientwaytooperateourclientssystems,whetherthat is in the cloud, on premises or in anyhybridform.ThisisNovotek’sam-bition, and Novotek’s stated goal istherefore to ensure that as many aspossible have customer contact.

ThekeytosuccessforNovotekliesinchoosinganoptimalsolution.Asolu-tion which does not maximise thenumberof engineerhoursoraddun-necessaryproducts,butoffersagoodbalance between services and prod-ucts.Amixwhichhassuchabalanceinits content meets the customers’ needs today as well as tomorrow. This re-quires scalability, openness, mobilityand,not least, responsibility.Novotekthereforetakesitforgrantedthatitwillinclude products in its delivered solu-tions forwhichNovotekwill take re-sponsibility.Novoteksupplementstheproducts with those functions whichare required to meet its customers’ needs and ensures, together with its partners, that the solution is implementedinthebestway.

TherequirementsforindustrialITandautomation solutions have changed in response to demands from users forincreasedmobility and flexibility, andall this faster than anyone has everneeded before. This development is acceleratedbyaglobaltrendinwhichmanufacturing and consumption arebecomingincreasinglydispersedwhilethesearchformoreefficientprocessesand fasterdecisions isbecoming evermoreimportantformaintainingprofi-tability. Novotek’s solutions havealways been based on an open app-roach,facilitatingourtransitiontothenew mobile and cloud-based approach. Novotek’s goal for its solutions is toensurethateveryoneisabletosee,ma-nage and control their production acti-vitieswhen,whereandhowtheywant.

Todaytheabilitytostartinsmallscaleand grow with your solution is so-methingthateveryoneexpectsfromanITsystem.Theprimemanifestationof this view is the trend towards cloud computing,wherescalabilityisintegra-tedfromtheoutset.Allsolutionsmar-ketedbyNovotekareadaptedsoastoenable users to start small and test the waters,andthenexpandandaddtothesolution as requirements grow, without havingtostartfromscratch.Manyso-lutions are also adapted for use inpublic as well as private cloud solutions depending on our customers’ require-ments. This includes the option of mobile working, whenever you needto,andtheabilitytodosousingwhate-verdevice youhappen tohave at thetime – a traditional PC, tablet compu-ter or mobile handset.

The key to effective collaboration betweenNovotekanditscustomersisto be close to each other. Close enough tobeabletooffersupportandserviceinyourlanguage,andtobeabletohelpwith small things without big costs. Novotek continually looks for newpartners to ensure that it remains close to its customers.

TheNovotekGrouphasthesameam-bition in all countries in which it opera-tes.Novotekaimstogiveitscustomersbetter solutions, faster support and awiderproductportfolioinallourareas.Cross-bordercollaborationalsomakesour organisation more efficient anduniform,whichcutscostsandimpro-vestheefficiencyof oursalesandmar-ketingactivities.

A FOCUS ON OUR CUSTOMERS’

SUCCESS

A MIX OF PRODUCTS, SERVICES AND

SOLUTIONS

INNOVATIVE SOLUTIONS FOR A NEW WORLD

SOLUTIONS FROM SMALL

TO BIG

IN THE VICINITY

AN INTEGRATED AND UNIFORM

NOVOTEK

1716 30 YEARS CELEBRATIONEMPLOYEES AND ORGANISATION

Novotek is a knowledge company, which means that the company’s success is largely depen-dent on its ability to attract and retain employees with the right skills. In this context skills refers to knowledge as well as social skills and the ability to focus on the customer. Novotek therefore seeks to ensure that it offers attractive employment terms, in terms of opportuni-ties for personal development as well as remuneration.

In 2016 Novotek celebrated 30 years. Together with our supp-liers, we had rewarding days with lectures and activities. It became a few days we will all remember with warmth.

EMPLOYEES AND ORGANISATION

30 YEARS CELEBRATION

ates all terms and conditions to ensure thatourgoalsforpersonaldevelopme-ntandsalarysettingarecompliedwith.A key factor for attracting and retai-ningstaff istheabilitytoofferinteres-tingworkattheforefrontof technolo-gy.Novotek strives to establish long-

term relations with customers as well as employees and aims to keep staff turnoveratalowlevel.Continuedeffi-ciencyimprovementshavebeenmadeinNovotek’sareaforProductionSche-duling. Staff turnover for 2016 wastherefore 13 per cent. The averagenumberof employeeswas110(120)in2016.Atyear-end2016theGrouphad105

employees. The average age was 44.

The chart below shows the age structu-reforNovotek’semployees.

NOVOTEK’S ORGANISATIONNovotek is a decentralised organisa-tionwithafocusonensuringthateve-ryone has direct contact with custo-mers,themarketandthesolutionswedeliver.Flat,efficientandtrustaretheguidingprinciplesforNovotek’sorga-nisation. Everyone should feel thattheyhaveastakeinNovotek’ssucces-ses and everyone should know whattheir role in the organisation is, and that they enjoy the trust of manage-ment. Novotek wants to ensure thateveryoneissecure,disciplinedandcu-rious.

Approximately 69 per cent of ouremployees have an academic degree.Whiledemandfortherelevantprofes-sional categories has been significant,fromcustomersaswellascompetitors,Novotek’s position and reputation inthe industryhasenabledus torecruitstaff withtherightskillsprofile.Novotekhas an explicit strategyof

promotingdiversityandequality,andiskeentorecruitpeoplewithadifferentbackgroundthanthetraditionaloneinourindustry.EachyearNovotekevalu-

Novotek A/S Denmark

17 employees

Novotek B.V. Netherlands

25 employees

Novotek Sverige AB Sweden

22 employees

Novotek AB Sweden

4 employees

Novotek Oy Finland

11 employees

Novotek Planning Systems A/S Denmark

10 employees

Novotek AS Norway

12 employees

Novotek BVBA Belgium

4 employees

Secondary school 31 %

University or university college degree 69 %

50-5422 %

55-596 %

25-298 %

35-3915 %

40-4415 %

45-4919 %

30-34 10 %

>605 %

1918 CUSTOMERS, COMPETITORS AND HISTORYCUSTOMERS, COMPETITORS AND HISTORY

Novotek’s customers cover a broad spectrum in terms of industry and size. Our customers include IT consultants, systems integrators, end users of Novotek’s solutions and producers of products which incorporate Novotek’s solutions – original equipment manufacturers (OEM). The end users include large enterprises as well as local authorities and SMEs.

CUSTOMERS, COMPETITORS AND HISTORY

them in late 2015. Distributor agre-ementwithPTCwere signed in2016andNovotekwillinvestinThingworx,which togetherwithPredix fromGEare the two leading Industrial IoT plat-forms.During 2015 Novotek started to

distribute software from AuvesyGmbHinGermany.AuvesyGmbHiswith its software Versiondog one of theleadingvendorsof versioningandconfigurationmanagementintheauto-mation space. This addition will bring newopportunitiestoNovotek.

CUSTOMERSNovotekservesover2000customersayear,fromsmallmanufacturerstoglo-balgroupsbutalsomanycommunities,regions and governmental authorities. Thedeliveriesaredoneinmanyformsbut in general partners are used to de-

livertheworkandthisnotdependingonNovotekowningtheprojectornot.The partners used includes all the ma-jorconsultantslikeAccentureandCapGemini to technical consultants likeÅFandActemiumdowntothesmallone to two man companies.

COMPETITORSNovotek has a number of differentcompetitors and competing solutions. However, no other company in themarketiscurrentlycompetingwiththe

same business concept. Siemens and ABBoccasionallycompetewithNovo-tek. The company also has smallercompetitors that have specialised in partial solutions to the customers’ pro-blems.Thebigconsultingfirms,suchasÅF,CapGeminiandAccenture,aremoreoftencustomersthancompetito-rs, as they frequently use Novotek’sproductsandsolutionsfortheircusto-mers.

Novotek was established in April1986,andthereforecelebratedits30thanniversary 2016, by Göran Anders-son, the company’smainowner.Thefirst operations were conducted inMalmö. Since then nine offices haveopenedover theyears.Thecompanyinitiated a close partnership with US-based GE Intelligent Platformscentred on personal computer pro-grams for monitoring. The industrysolutions which Novotek provideswereintroducedgraduallyandarebe-ing developed continuously, often in

collaboration with a major customer.Aspartof preparationsforanIPO,

the current Group structure was esta-blished in December 1998. In June1999NovotekwaslistedontheOlistof theStockholmStockExchange.In2002 and 2003 the company’s part-nershipwithGEwasexpandedsignifi-cantly, giving Novotek access to acomprehensive product programme covering process interface, controlsystems and up to ERP systems. In2006 the company acquired what isnowNovotekPlanning SystemsA/S

and added another dimension to its offeringthathassincecontinuedtobedeveloped in all countries as well as globallythroughGE.Novotek has continued to evaluate

och take up new offerings. NovotekhaveforexamplebeenappointedPre-feredDistributorforKepwareInc,theleading vendor of communicationsoftwarewithintheautomationspaceduring 2014. Kepware’s postion wasacknowledged as one of the leadingIoTvendorswhenPTC,amarket le-ading company within IoT, bought

1986 - ERICSSON HOTLINE 450

1996 2006 20161986

1993 - 14 161 570

NUMBER OF INTERNETUSERS

2002 -

662 663 600

2008 -

1 562 067 594

2014 - 2 925 249 355 number of internetusers

NOVOTEK WAS FOUNDED IN SWEDEN

1984 - THE FIX 1988 - FIX DMACS 1993 - FIX 3.0 1998 - PROFICY IFIXFIX DYNAMICS

2005 PROFICY HMI/SCADA IFIX 4.0

2013 - PROFICY HMI/SCADA IFIX 5.8

2007 - IPHONE

2006 - NOVOTEK ACQUIRES NOVOTEK PLANNING SYSTEMS A/S

2000 - NOKIA 33101996 - ERICSSON GA 628

1994 - OPC FOUNDATION FOUNDED

1988 - NOVOTEK WAS ESTABLISHED IN DENMARK

1995 - NOVOTEK WAS ESTABLISHED IN NORWAY

1999 - NOVOTEK WAS ESTABLISHED IN FINLAND

1999 - NOVOTEK IPO

2002 - NOVOTEK WAS ESTABLISHED IN BENELUX

2015 - DISTRIBUTOR TO AUVESY

2015 - PTC BUYS KEPWARE

2011 NOVOTEKPREFERRED DISTRI-BUTOR TO KEPWARE

2120 FIVE-YEAR SUMMARYSHARE INFORMATION

The number of shares in Novotek AB is 10,600,000, of which 1,500,000 are of series A and 9,100,000 of series B. Series A shares carry 10 votes each and series B shares one vote each. All shares carry equal rights to the company’s assets and profits. Shares of series A can be converted into shares of series B.

SHARE INFORMATION

DIVIDEND POLICYNovotek’sdividendpolicyistodistrib-uteatleast50percentof itsafter-taxprofit while taking account of theGroup’sfinancialpositionandacquisi-tionplans.Forthefinancialyear2016itis proposed that a dividend of SEK 1.25 per share be paid. A divi-dendof SEK1.25representsayieldof 6.7percentbasedonthesharepriceat31December2016,SEK18.60.

NOVOTEK’S B SHARESNovotek’s B shares have been tradedon the Nordic Small Cap list of theNASDAQ OMX exchange since30June1999underthetickerNTEK-B.Thesharepriceon31December2016wasSEK18.60, giving a totalmarketcapitalisationof SEK197million.Theaverage weekly share turnover was34,700in2015and41,360in2016.Atyear-endthecompanyhad2,105share-holders.

SHARE CAPITAL HISTORYSince1990Novotek’ssharecapitalhaschangedasfollows:Year Transaction Increase in Increase in Share Number of share capital, number of capital, shares SEK shares SEK 1990 50 000 5001996 Fondemission 50 000 500 100 000 10001998 Split 100:1 99 000 100 000 100 0001998 Fondemission 1 900 000 1 900 000 2 000 000 2 000 0001998 Nyemission 100 000 100 000 2 100 000 2 100 0001999 Split 4:1 6 300 000 2 100 000 8 400 0001999 Nyemission 550 000 2 200 000 2 650 000 10 600 000

OWNERSHIP STRUCTURE, 31 DEC 2016

Shareholder No. of No. of Share of Share of shares of shares of votes capital series A series B % %Novoplan AB 760 000 398 260 33,2 10,9Noveko Syd AB 740 000 0 30,7 7,0 Arvid Svensson Invest AB 0 2 635 000 10,9 24,9 Didner & Gerge Fonder AB 0 880 958 3,7 8,3 Försäkringsbolaget, Avanza Pension 0 709 786 3,0 6,7 Larsson, Bernt 0 281 461 1,2 2,7 Västsvenska Systembyggen AB 0 275 000 1,1 2,6 Persantic AB 0 250 000 1,0 2,4 Nordnet Pensionsförsäkring AB 0 181 123 0,8 1,7Andersson, Willmar 0 107 869 0,5 1,0Other 0 3 380 543 14,0 31,9 TOTAL 1 500 000 9 100 000 100,00 100,00

0

100

200

300

400

500

600

700

Antal omsatta aktier i 1000-tal per månad

201620152014201320125,0

7,5

10,0

12,5

15,0

17,5

20,0

22,5

SIX GeneralindexNovotek B

Källa:

Source:SIXFinancialInformation

FIVE-YEAR SUMMARY

DEFINITIONS OF KEY PERFORMANCE INDICATORS

SEKm Consolidated income statement 2016 2015 2014 2013 2012Operating income 212,1 218,7 221,5 195,9 193,5 Operating expenses -189,2 -197,8 -202,5 -179,8 -187,0 Depreciation and amortisation -2,3 -2,1 -2,2 -2,3 -2,3Operating profit 20,6 18,8 16,8 13,8 4,2 Net financial income 0,1 0,7 1,1 0,7 0,3Profit after net financial income 20,7 19,5 17,9 14,5 4,5 Consolidated balance sheetNon-current assets excluding goodwill 6,6 7,8 8,9 10,1 12,0 Goodwill 26,3 25,6 26,2 25,3 24,8 Other current assets 5,0 9,5 7,4 10,6 13,4 Trade receivables 61,8 53,0 50,0 46,6 39,3 Cash and bank deposits, and short-term investments 60,1 50,8 52,0 42,5 40,1Total assets 159,8 146,7 144,5 135,1 129,6

Equity including non-controlling interests 87,6 79,8 78,5 73,0 73,4 Interest-bearing liabilities 0,0 0,0 0,0 0,0 0,0 Non-interest-bearing liabilities 72,2 66,9 66,0 62,1 56,2Total equity and liabilities 159,8 146,7 144,5 135,1 129,6 Consolidated key figuresOrders received, SEKm 203,8 227,0 211,9 203,8 185,0 Operating income, SEKm 212,1 218,7 221,5 195,9 193,5 Operating profit, SEKm 20,6 18,8 16,8 13,8 4,2 Sales growth, % -3,0 -1,1 13,1 1,2 -10,7 Margins Gross margin, % 10,8 9,6 8,6 8,2 6,5 Operating margin, % 9,7 8,6 7,6 7,0 2,2 Profit margin, % 9,8 8,9 8,1 7,4 2,3 Capital structure Capital employed, SEKm 87,6 79,8 78,5 73,0 73,4 Equity, SEKm 87,6 79,8 78,5 73,0 73,4 Return on equity, % 18,8 18,2 18,2 13,9 1,4 Equity/assets ratio, % 54,9 54,4 54,3 54,0 56,6 LiquidityQuick ratio, % 83,5 76,5 78,9 68,8 72,1 Net cash, SEKm 60,1 50,8 52,0 42,5 40,1 EmployeesAverage number of employees 110 120 120 111 116 Operating income per employee, SEKm 1,93 1,82 1,85 1,76 1,67 Value added per employee, SEKm 0,98 0,93 0,91 0,86 0,72 Data per shareNumber of shares at end of period 10 600 000 10 600 000 10 600 000 10 600 000 10 600 000 Earnings per share, SEK 1,48 1,38 1,33 0,93 0,07 Equity per share, SEK 8,26 7,53 7,41 6,89 6,92 Share price 31 Dec, SEK 18,60 17,10 16,40 11,60 10,90 Dividend per share (proposed 2016), SEK 1,25 1,00 1,00 1,00 1,00

SALES GROWTHChange in total operating revenue excluding work performed by the company for its own use and capitalised.

GROSS MARGINProfit before depreciation, amortisation and exceptional items, as a percentage of operating revenue.

OPERATING MARGINProfit after depreciation, amortisation and exceptional items, as a percentage of operating revenue.

PROFIT MARGINProfit after financial items, as a percentage of operating revenue.

CAPITAL EMPLOYEDTotal assets less non-interest-bearing liabilities.

RETURN ON EQUITYProfit after tax as a percentage of average equity.

EQUITY/ASSETS RATIOAdjusted equity as a percentage of total assets.

QUICK RATIOQuick assets as a percentage of current liabilities.

NET CASHCash and bank deposits, and short-term investments.

AVERAGE NUMBER OF EMPLOYEESAnnual average full-time equivalents.

VALUE ADDED PER EMPLOYEEOperating profit plus staff costs, divided by average number of employees.

EARNINGS PER SHAREProfit after tax divided by average number of shares.

EQUITY PER SHAREEquity at end of period divided by number of outstanding shares.

2322 SENIOR MANAGEMENT, AUDITORBOARD OF DIRECTORS

SENIOR MANAGEMENT

AUDITOR

BOARD OF DIRECTORS

THE INDICATED SHAREHOLDINGS INCLUDE SHARES HELD THROUGH COMPANIES.

Bjärred,born1944.Chairman. Directorsince1986,Chairmansince2006.ShareholdinginNovotek:1,500,000Asharesand 449,160Bshares.

Born1972.CEO Employedsince2005.DirectshareholdinginNovotekAB:2,000Bshares.Indirect shareholding in NovotekAB:250,000Bshares.

Born1978.CEOof NovotekOY,Finland.Employedsince2006.DirectshareholdinginNovotekAB:Noshares.

MATS-ÅKE ANDERSSONBorn1960.AuthorisedPublicAccountantMazarsSETRevisionsbyråAB.Chief auditorof Novoteksince2010.

Staffanstorp,born1972ExecutiveVicePrecidentIdusABDirectorsince2014.ShareholdinginNovotek:500Bshares.

Born1968.CEOof NovotekSverigeAB.Employedsince2013.DirectshareholdinginNovotekAB:Noshares.

Born1964.CEOof NovotekB.V.,theNetherlandsandNovotekBVBA,Belgium.Employedsince2002.DirectshareholdinginNovotekAB:Noshares.

Viken,born1950.FormerlyCEOof HöganäsAB.Directorsince2006.Other directorships: SvenskaHandelsbankenSödraRegionen,Dunkerskastiftelsernaetal.ShareholdinginNovotek:10,000Bshares.

Born1974.CFOEmployedsince2010.DirectshareholdinginNovotekAB:Noshares.

Born1970.CEOof NovotekAS,Norway.Employedsince1995.DirectshareholdinginNovotekAB:30,000Bshares.

Bjärred,born1946. Directorsince1986.ShareholdinginNovotek:21,400Bshares.

Born1956.CEOof NovotekA/S,Denmark.Employedsince1991.DirectshareholdinginNovotekAB:53,500Bshares.

GÖRAN ANDERSSON TOBIAS ANTIUS

ANTTI KAIKKONEN

CLAES LINDQVIST JONAS HANSSON

BJÖRN INGE OLSEN

FREDRIK LARSSON STEFAN WIKENHED

MART SCHEEPERS

INGVAR UNNESTAM PER EILAND

FUNCTIONING OF THE BOARDInMay2016theBoardof Directorsdiscussedandadoptedrulesof procedurefortheBoardandinstructionsfortheCEO.Therulesof proceduresetforththedutiesof theBoardandmatterstobeaddressedduringtheyear,andincludeinstructionsfortheholdingof Boardmeetings.Undertherulesof procedure,theChairmanof theBoard,GöranAndersson,istaskedwithworkingongeneralstrategicmatters.ClaesLindqvististaskedwithexaminingandapprovinginformationmaterialtobesenttoNASDAQOMXandthemediapriortopublicationwhileIngvarUnnerstamhasresponsibilityformonitoringtheperformanceandprecisionof thefinancefunction.In2016theBoardheldsixminutedmeetings.

THE NOMINATING COMMITTEETheNominatingCommitteeconsistsof IngvarUnnerstamandthemainownerGöranAndersson,whotogetherrepresentabout64percentof thevotesand18percentof thecapital.TheNominatingCommitteeistaskedwithsubmittingproposalsrelatingtotheBoardof DirectorsandfeestotheAnnualGeneralMeeting.

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DENMARKNovotekA/SNaverland2DK-2600GlostrupPhone+4543433717Fax+4543435225www.novotek.dkinfo@novotek.dk

NovotekA/SSkolebakken20DK-8700HorsensPhone+4543433717Fax+4543435225

NovotekPlanningSystemsA/SStærmosegårdsvej8DK-5230OdenseMPhone+4570220170Fax+4570220171www.rob-ex.complanning@novotek.com

HEAD OFFICENovotekABHöjdrodergatan18Box1601420025MalmöPhone+4640316900Fax+4640947617www.novotek.cominfo@novotek.com

SWEDENNovotekSverigeABHöjdrodergatan18Box1601420025MalmöPhone+4640316900Fax+4640947617www.novotek.seinfo@novotek.se

NovotekSverigeABNystrandsgatan2363346EskilstunaPhone+4616183238Fax+4616183239

FINLANDNovotekOyÄyritie24FI-01510VantaaPhone+358207959450Fax+358207959451www.novotek.fiinfo@novotek.fi

NORWAYNovotekASTorsvangIndustriområdeBoks2036NO-3255LarvikPhone+4733165800Fax+4733165801www.novotek.noinfo@novotek.no

NETHERLANDSNovotekB.V.Paardeweide 2 NL-4824EHBredaPhone+31765871010Fax+31765810111www.novotek.nlinfo@novotek.nl

BELGIUMNovotekBVBAMechelsesteenweg277BE-1800VilvoordePhone+3222548550Fax+3222538767www.novotek.beinfo@novotek.be