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An announcement from Addtech AB Class B ( ($SE:ADDT.B) ) is now available.
Addtech has announced the acquisition of Innovatek OS GmbH, a company specializing in customized cooling systems for industrial applications, including control and monitoring technology. This acquisition, which will integrate Innovatek into Addtech’s Power & Mobility business unit, is expected to have a marginally positive impact on Addtech’s earnings per share during the current financial year, enhancing its offerings in the E-mobility, Medical Technology, and Microscopy sectors.
The most recent analyst rating on ($SE:ADDT.B) stock is a Hold with a SEK335.00 price target. To see the full list of analyst forecasts on Addtech AB Class B stock, see the SE:ADDT.B Stock Forecast page.
More about Addtech AB Class B
Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers, operating in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure, with about 4,500 employees in more than 150 subsidiaries. The Group has annual sales of about SEK 22 billion and is listed on Nasdaq Stockholm.
Average Trading Volume: 358,304
Technical Sentiment Signal: Buy
Current Market Cap: SEK87.11B
Learn more about ADDT.B stock on TipRanks’ Stock Analysis page.