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An update from Troax Group AB Class A ( (SE:TROAX) ) is now available.
Troax Group has announced the acquisition of Vichnet, a market leader in machine guarding and wire tray solutions in China, for 350 RMB on a cash/debt-free basis. This strategic acquisition aims to strengthen Troax’s market position in Asia, particularly in the data center segment, and is expected to be accretive to Troax’s earnings per share. The acquisition will be financed through existing cash and credit facilities, with the transaction expected to close by the end of 2025. This move aligns with Troax’s strategy to become a market leader worldwide in selected segments, enhancing its offering with tailored solutions for the Asian markets.
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 of indoor perimeter protection solutions 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, with its head office located in Hillerstorp, Sweden.
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.