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Lagercrantz Group AB Class B ( ($SE:LAGR.B) ) has issued an update.
Lagercrantz Group’s subsidiary, Direktronik, has acquired Aktiebolaget Qvintus, a Swedish manufacturer of industrial thermometers, pressure gauges, and valves primarily serving the HVAC industry in Sweden and Europe. This acquisition, which will integrate Qvintus into Direktronik’s Control division by August 2025, aims to enhance Direktronik’s industrial measurement and control offerings, leveraging its expertise in connected solutions and automation. Although the acquisition will not significantly impact Lagercrantz Group’s earnings per share, it is expected to strengthen Direktronik’s market position and value proposition to customers.
The most recent analyst rating on ($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 leading supplier products. It comprises around 80 companies, each targeting specific niche markets, and operates in nine countries across Northern Europe, the USA, China, and India. The group employs approximately 3,300 people and generates annual revenues exceeding MSEK 9,600. Lagercrantz Group has been listed on Nasdaq Stockholm since 2001.
Average Trading Volume: 221,797
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK46.31B
See more data about LAGR.B stock on TipRanks’ Stock Analysis page.