Lagercrantz Group Expands with Acquisition of Orax

An update from Lagercrantz Group AB Class B ( ($SE:LAGR.B) ) is now available.

Lagercrantz Group AB has acquired AB Orax, a Swedish company specializing in products for the funeral and cemetery sectors, including coffin handling and cemetery maintenance. The acquisition is expected to enhance Lagercrantz’s Control division and marginally boost the group’s earnings per share, while Orax aims to leverage Lagercrantz’s resources to focus on innovation and sustainability.

The most recent analyst rating on ($SE:LAGR.B) stock is a Hold with a SEK211.00 price target. To see the full list of analyst forecasts on Lagercrantz Group AB Class B stock, see the SE:LAGR.B Stock Forecast page.

More about Lagercrantz Group AB Class B

Lagercrantz Group is a technology conglomerate offering innovative, value-driven technology solutions through proprietary and supplier products. The group comprises around 80 companies, each targeting specific niche markets, and operates in Northern Europe, the USA, China, and India. With a workforce of approximately 3,100 employees, Lagercrantz generates annual revenues exceeding MSEK 9,000 and has been listed on Nasdaq Stockholm since 2001.

Average Trading Volume: 274,283

Current Market Cap: SEK44.92B

See more insights into LAGR.B stock on TipRanks’ Stock Analysis page.