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Cavotec Group AB ( (SE:CCC) ) has issued an update.
Cavotec has secured an order from TAKRAF India to supply seven cable reel systems and six hose reel systems to one of Morocco’s largest phosphate and sulphur processing and manufacturing companies, with delivery scheduled for mid-2026. The deal expands Cavotec’s installed base with the end customer, deepens its partnership with TAKRAF, and reinforces the group’s strategic position in North Africa’s growing mining and minerals sector as well as the broader bulk materials handling market, underlining the importance of its electrification and connection solutions in harsh industrial environments.
The most recent analyst rating on (SE:CCC) stock is a Hold with a SEK14.50 price target. To see the full list of analyst forecasts on Cavotec Group AB stock, see the SE:CCC Stock Forecast page.
More about Cavotec Group AB
Cavotec is a leading engineering company that designs and delivers connection and electrification solutions that support the decarbonisation of ports and industrial applications. With around 50 years of experience, it provides systems that enable safe, efficient and sustainable operations for a broad base of customers worldwide.
Average Trading Volume: 18,845
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK1.49B
See more insights into CCC stock on TipRanks’ Stock Analysis page.