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Alligo AB Class B ( ($SE:ALLIGO.B) ) has shared an announcement.
Alligo AB has acquired a 70% stake in Respond Profilering & Firmagaver AS, marking its first entry into the Norwegian product media market. This acquisition is part of Alligo’s strategy to expand its Nordic presence in the product media sector, which now includes 17 companies with combined annual sales of approximately SEK 600 million. The acquisition is expected to enhance Alligo’s market positioning by providing new growth opportunities and consolidating the fragmented Norwegian market.
More about Alligo AB Class B
Alligo is a leading company in the Nordics specializing in workwear, personal protection, tools, and consumables. It operates through brands like Swedol in Sweden and Tools in Norway and Finland, with sales channels including stores, field sales, telesales, and digital platforms. The company also engages in specific product and technology areas such as product media, welding, and batteries, employing around 2,500 people with an annual turnover of approximately SEK 9.4 billion. Alligo AB is listed on Nasdaq Stockholm.
Average Trading Volume: 42,257
Technical Sentiment Signal: Buy
Current Market Cap: SEK6B
See more insights into ALLIGO.B stock on TipRanks’ Stock Analysis page.