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The latest update is out from Alimak Group AB ( (SE:ALIG) ).
Alimak Group has announced the acquisition of the permanent industrial elevator business from Century Elevators Inc., a leading supplier of industrial rack-and-pinion elevators in North America. This strategic acquisition, with an annual turnover of approximately USD 9.7 million, is expected to strengthen Alimak’s market position in the US and Canada by enhancing its service presence and expertise in industrial elevators. The acquisition includes customer and supplier contracts, assets, and employees, and aims to deliver long-term value to customers and stakeholders.
The most recent analyst rating on (SE:ALIG) stock is a Buy with a SEK133.00 price target. To see the full list of analyst forecasts on Alimak Group AB stock, see the SE:ALIG Stock Forecast page.
More about Alimak Group AB
Alimak Group is a global provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With a presence in more than 120 countries, the Group develops, manufactures, sells, and services vertical access and working at height solutions with a focus on enhanced safety, higher productivity, and improved cost efficiency. Founded in Sweden in 1948, the Group has its headquarters in Stockholm and approximately 3,000 employees.
Average Trading Volume: 63,749
Current Market Cap: SEK16.16B
For detailed information about ALIG stock, go to TipRanks’ Stock Analysis page.