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Vitec Software Group AB Class B ( ($SE:VIT.B) ) has issued an announcement.
Vitec Software Group has acquired 80% of the shares in NMG, a Polish software company specializing in mission-critical software for the energy and industrial sectors. This acquisition strengthens Vitec’s position in the Vertical Market Software industry and is expected to immediately increase earnings per share. NMG, a market leader in its field, will continue to operate with its current management while Vitec plans to fully acquire the company by 2028. The acquisition aligns with Vitec’s strategy of expanding into new markets with a focus on energy management, a sector undergoing significant transformation in Poland.
The most recent analyst rating on ($SE:VIT.B) stock is a Hold with a SEK404.00 price target. To see the full list of analyst forecasts on Vitec Software Group AB Class B stock, see the SE:VIT.B Stock Forecast page.
More about Vitec Software Group AB Class B
Vitec Software Group is a leading provider of Vertical Software, headquartered in Umeå, Sweden. The company develops products tailored to specific niche markets and focuses on continuous improvement and innovation through its business units and strategic acquisitions. Vitec is listed on Nasdaq Stockholm and reported net sales of SEK 3,334 million in 2024.
Average Trading Volume: 85,589
Technical Sentiment Signal: Sell
Current Market Cap: SEK13.6B
For an in-depth examination of VIT.B stock, go to TipRanks’ Overview page.