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Troax Group AB Class A ( (SE:TROAX) ) has provided an announcement.
Troax Group has announced its acquisition of Vichnet, a market leader in machine guarding and wire tray solutions in China, for 350 MRMB. This strategic acquisition is expected to enhance Troax’s market position in Asia, particularly in the data center segment, and is projected to be accretive to earnings per share post-completion. The acquisition aligns with Troax’s strategy to become a global market leader in selected segments, leveraging Vichnet’s strong position in China to expand its offerings and improve customer service.
The most recent analyst rating on (SE:TROAX) stock is a Hold with a SEK170.00 price target. To see the full list of analyst forecasts on Troax Group AB Class A stock, see the SE:TROAX Stock Forecast page.
More about Troax Group AB Class A
Troax Group is a leading global supplier specializing in indoor perimeter protection for manufacturing and warehousing environments. The company develops high-quality, innovative safety solutions to protect people, property, and processes. With a strong sales force and efficient supply chain, Troax is represented in 42 countries and employs roughly 1,200 people. The company’s head office is located in Hillerstorp, Sweden, and its sales amounted to 279 MEUR in 2024.
Average Trading Volume: 68,430
Technical Sentiment Signal: Sell
Current Market Cap: SEK8.45B
See more data about TROAX stock on TipRanks’ Stock Analysis page.