Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Beijer Ref AB Class B ( ($SE:BEIJ.B) ) has issued an update.
Beijer Ref AB has strengthened its position in the European air conditioning market by acquiring 75 percent of Italian distributor Idema, with an option to purchase the remaining shares. Idema, founded in 1993 and based in Northern Italy, has annual sales of about SEK 200 million and focuses on residential and industrial air conditioning solutions; it will continue to operate under its own brand, and the deal is expected to have a minor positive impact on Beijer Ref’s results while supporting the group’s strategy to expand regional market presence and build long-term synergies with the existing management team.
The most recent analyst rating on ($SE:BEIJ.B) stock is a Hold with a SEK151.00 price target. To see the full list of analyst forecasts on Beijer Ref AB Class B stock, see the SE:BEIJ.B Stock Forecast page.
More about Beijer Ref AB Class B
Beijer Ref AB is a technology-oriented trading group that provides added-value products and competitive solutions within refrigeration and climate control. The company is one of the world’s largest refrigeration wholesalers, with operations across 45 countries in Europe, North America, Africa, Asia and Oceania.
Average Trading Volume: 618,207
Technical Sentiment Signal: Hold
Current Market Cap: SEK73.17B
See more data about BEIJ.B stock on TipRanks’ Stock Analysis page.