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Burkhalter Holding AG ( (CH:BRKN) ) just unveiled an announcement.
Burkhalter Gruppe is acquiring Elektro Gasser AG, a Lalden-based electrical and ICT engineering firm with seven employees and annual sales of around CHF 2 million, from its previous owners. The acquired business will be gradually integrated into existing group company TZ Stromag, with the Lalden site becoming a TZ Stromag branch under the name Gasser Elektro ICT, while Elektro Gasser AG will continue to operate as an independent company for the time being and all staff will be retained. The deal underscores Burkhalter’s ongoing strategy to grow its market share in building technology through targeted acquisitions, strengthening its presence in Upper Valais and consolidating its position in Switzerland’s electrical engineering and ICT services market.
The most recent analyst rating on (CH:BRKN) stock is a Hold with a CHF133.00 price target. To see the full list of analyst forecasts on Burkhalter Holding AG stock, see the CH:BRKN Stock Forecast page.
More about Burkhalter Holding AG
Burkhalter Holding AG, listed on SIX Swiss Exchange, operates in the building technology sector with a focus on electrical and telecommunications (ICT) engineering services. Through its group companies, it serves construction and infrastructure projects across Switzerland, pursuing growth via selective acquisitions that expand its regional footprint and service offering.
Average Trading Volume: 13,594
Current Market Cap: CHF1.5B
Learn more about BRKN stock on TipRanks’ Stock Analysis page.