Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
FOS Capital Ltd ( (AU:FOS) ) just unveiled an announcement.
FOS Capital Limited has announced the fulfillment of all conditions necessary for the acquisition of Aldridge Traffic Systems, marking a significant step towards completion. This strategic move is expected to enhance FOS’s market position and contribute to its goal of increasing market share in the fragmented lighting solutions industry.
More about FOS Capital Ltd
FOS Capital is a founder-led manufacturer and distributor of commercial, industrial, and architectural lighting solutions. The company owns 17 brands and operates two manufacturing facilities in Brisbane and Sydney. Since its listing in June 2021, FOS has experienced significant growth in revenue and EBITDA, maintaining profitability. The company aims to increase its market share from 5% to 15% through organic growth and strategic acquisitions.
Average Trading Volume: 33,542
Technical Sentiment Signal: Buy
Find detailed analytics on FOS stock on TipRanks’ Stock Analysis page.