Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An announcement from Environmental Group Limited ( (AU:EGL) ) is now available.
The Environmental Group Limited (EGL) has announced its acquisition of Advanced Boilers & Combustion Pty Ltd for $5.5 million, marking a significant expansion in its industrial boiler service and manufacturing capabilities. This strategic move enhances EGL’s market position by integrating Advanced’s expertise in fabrication and exclusive rights to Maxitherm boiler technology, aligning with EGL’s growth strategy and providing recurring service revenue streams.
More about Environmental Group Limited
The Environmental Group Limited (EGL) operates in the industrial sector, focusing on environmental technology and services. The company provides solutions for air and water pollution control, gas cleaning, and industrial equipment maintenance, with a market focus on enhancing industrial efficiency and sustainability.
YTD Price Performance: -23.81%
Average Trading Volume: 461,051
Technical Sentiment Signal: Hold
Current Market Cap: A$91.32M
Find detailed analytics on EGL stock on TipRanks’ Stock Analysis page.