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The latest announcement is out from Kardex AG ( (CH:KARN) ).
Kardex has acquired a controlling majority stake in Rocket Solution GmbH, integrating it as the third Business Unit within its Standardized Systems segment. This move aims to enhance Kardex’s market presence in the lightgoods sector, leveraging Rocket Solution’s advanced automated storage and retrieval systems. The acquisition follows successful pilot projects with major clients like BMW and Porsche, indicating a strategic expansion in Kardex’s offerings and potentially strengthening its industry position.
The most recent analyst rating on (CH:KARN) stock is a Buy with a CHF360.00 price target. To see the full list of analyst forecasts on Kardex AG stock, see the CH:KARN Stock Forecast page.
More about Kardex AG
Kardex is a leading global partner for intralogistics solutions, offering premium automated products, standardized systems, and life cycle services. The company provides dynamic storage and retrieval systems, integrated material handling systems, and is a global AutoStore™ partner. Kardex employs around 2,900 people across over 30 countries and has been listed on the SIX Swiss Exchange since 1989.
Average Trading Volume: 11,502
Technical Sentiment Signal: Buy
Current Market Cap: CHF2.15B
Learn more about KARN stock on TipRanks’ Stock Analysis page.