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The latest announcement is out from Hanza AB ( (SE:HANZA) ).
HANZA AB has completed the acquisition of Milectria, a contract manufacturer specializing in electrical systems for the defense industry, as part of its LYNX program. This acquisition is expected to enhance HANZA’s capacity to meet increased demand from the defense sector and support growth in other industries, while also expanding its geographical presence and customer base. The deal includes four new production units and is seen as a strategic move to bolster Europe’s defense product capacity, with potential sales growth incentives for Milectria.
The most recent analyst rating on (SE:HANZA) stock is a Hold with a SEK119.00 price target. To see the full list of analyst forecasts on Hanza AB stock, see the SE:HANZA Stock Forecast page.
More about Hanza AB
HANZA is a global manufacturing company that focuses on modernizing and streamlining the knowledge-based manufacturing industry. It offers advisory services and production supply-chain facilities through regional manufacturing clusters, aiming for stable deliveries, increased profitability, and environmentally friendly processes. Founded in 2008, HANZA has annual sales of approximately SEK 6 billion and employs around 3,100 people across seven countries. Its clients include major companies like 3M, ABB, and Siemens, and it is listed on the Nasdaq Stockholm main list.
Average Trading Volume: 120,191
Technical Sentiment Signal: Buy
Current Market Cap: SEK4.72B
Learn more about HANZA stock on TipRanks’ Stock Analysis page.