TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.