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Lagercrantz Group AB Class B ( ($SE:LAGR.B) ) has issued an announcement.
Lagercrantz Group AB has acquired a 70% stake in Sit Right AB and Enskede Hydraul AB, two Swedish companies specializing in products and aftermarket parts for forestry and construction machinery in Europe. The acquisition is expected to marginally boost Lagercrantz’s earnings per share and enhance its Niche Products division. This strategic move supports the growth of Sit Right and Enskede Hydraul, facilitating their expansion into new markets such as North America, while strengthening their market positions in Europe.
The most recent analyst rating on ($SE:LAGR.B) stock is a Buy with a SEK264.00 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 Tech Group offering world-leading, value-creating technology through proprietary products or products from leading suppliers. The Group consists of approximately 85 companies, each focusing on a specific niche market. Active in nine countries in Northern Europe, as well as the USA, China, and India, Lagercrantz employs around 3,400 people and generates annual revenues of about MSEK 10 billion. The company has been listed on Nasdaq Stockholm since 2001.
Average Trading Volume: 207,617
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK46.76B
See more insights into LAGR.B stock on TipRanks’ Stock Analysis page.