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Franklin Electric Co ( (FELE) ) has shared an update.
On February 14, 2025, Franklin Electric Co., Inc. announced a definitive agreement to acquire Barnes de Colombia S.A., a leading Colombian manufacturer and distributor of industrial and commercial pumps. This strategic acquisition is part of Franklin Electric’s long-term growth and diversification strategy, aimed at enhancing its market presence in Latin America and expanding its product portfolio. The acquisition is subject to customary closing conditions, including Colombian antitrust clearance, with an expected closure around March 1, 2025. Barnes de Colombia’s established operations across various Latin American countries and its robust distribution network are expected to accelerate Franklin Electric’s growth in the region, strengthening its ability to serve customers with an expanded portfolio of innovative products.
More about Franklin Electric Co
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy, serving residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide. It is recognized for its technical leadership and has been acknowledged in several prestigious lists for its responsibility, trustworthiness, and environmental efforts.
YTD Price Performance: 3.78%
Average Trading Volume: 170,882
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.61B
Find detailed analytics on FELE stock on TipRanks’ Stock Analysis page.
