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Bergman & Beving Expands with Modus Gauges Acquisition

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Bergman & Beving Expands with Modus Gauges Acquisition

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The latest announcement is out from Bergman & Beving AB Class B ( ($SE:BERG.B) ).

Bergman & Beving has acquired Modus Gauges Limited, a UK-based supplier of pressure and temperature instrumentation, which will join its Safety Technology division. This acquisition is expected to slightly enhance Bergman & Beving’s earnings per share and strengthen its market position, particularly in the pharmaceutical, HVAC, and manufacturing industries.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK310.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

More about Bergman & Beving AB Class B

Bergman & Beving is a Swedish listed group founded in 1906, focusing on acquiring and developing leading companies with a long-term ownership approach. The group operates in industrial and construction sectors, providing value-added solutions through its autonomous companies in over 25 countries. Bergman & Beving is listed on Nasdaq Stockholm, employs around 1,400 people, and has a turnover of approximately SEK 5 billion.

Average Trading Volume: 22,640

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK8.58B

For detailed information about BERG.B stock, go to TipRanks’ Stock Analysis page.

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