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Addtech AB Class B ( ($SE:ADDT.B) ) has issued an announcement.
Addtech Automation, a division of Addtech Group, has acquired Dutch companies BCK Holland B.V. and Kramer & Duyvis B.V., specialized in conveyor systems for packaging, food & beverage, and mechanical industries. These acquisitions will bolster Addtech’s Motion & Drives operations and are expected to have a marginally positive impact on earnings per share during the current financial year.
The most recent analyst rating on ($SE:ADDT.B) stock is a Buy with a SEK380.00 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 operates in selected niches within advanced technology products and solutions. Focused on the manufacturing industry and infrastructure, it employs about 4,500 staff across over 150 subsidiaries with annual sales of around SEK 22 billion. The company is listed on Nasdaq Stockholm.
Average Trading Volume: 339,140
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK89.48B
Find detailed analytics on ADDT.B stock on TipRanks’ Stock Analysis page.