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Troax Group AB Class A ( (SE:TROAX) ) just unveiled an announcement.
Troax Group AB has announced the acquisition of Dancop A/S and its subsidiaries, expanding its industrial safety product offerings. This strategic acquisition, financed through existing cash, is expected to enhance Troax’s market position in safety solutions by integrating Dancop’s expertise in safety mirrors and flexible barriers. The transaction is not anticipated to significantly impact Troax’s earnings per share or net debt/EBITDA, and it underscores the company’s commitment to becoming a leader in industrial safety solutions.
The most recent analyst rating on (SE:TROAX) stock is a Hold with a SEK150.00 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 and innovative safety solutions aimed at protecting people, property, and processes. Troax operates globally with a strong sales force and efficient supply chain, represented in 42 countries with approximately 1200 employees. The company’s head office is located in Hillerstorp, Sweden, and it reported sales of 279 MEUR in 2024.
Average Trading Volume: 69,611
Technical Sentiment Signal: Sell
Current Market Cap: SEK8.46B
Find detailed analytics on TROAX stock on TipRanks’ Stock Analysis page.