Alumexx N.V. Bolsters Market Position with Acquisition of DeSteigerConcurrent

ALUMEXX N.V. ( (DE:NE8F) ) has issued an update.

Alumexx N.V. has completed the acquisition of DeSteigerConcurrent, enhancing its market position in online sales. This strategic move aligns with Alumexx’s growth strategies and export ambitions, allowing it to expand its brand offerings and market reach. With the acquisition, Alumexx holds a 51% stake in the newly established DeSteigerConcurrent B.V., which will operate independently but benefit from Alumexx’s expertise in online marketing and finance. The acquisition is expected to positively impact the company’s gross margin and EBITDA, although not all DeSteigerConcurrent’s revenue will be consolidated.

More about ALUMEXX N.V.

Alumexx N.V. is a producer and supplier of high-quality aluminum climbing materials, including ladders, stairs, and scaffolding for industrial, semi-professional, and DIY markets. Positioned at the high end of the market, Alumexx focuses on quality products primarily produced in the Netherlands and has been listed on the Euronext Amsterdam stock exchange since 2018. Following the acquisition of ASC Group and Euroscaffold, Alumexx has become one of the largest companies in the Netherlands in this field.

YTD Price Performance: 4.03%

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €9.23M

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