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NOTE AB ( (SE:NOTE) ) has provided an update.
NOTE AB has completed its acquisition of the UK-based Kasdon Group, an electronics contract manufacturer, for a total purchase price of GBP 34.1 million. This acquisition enhances NOTE’s presence in the UK EMS market and strategically positions the company in the defense sector, which is experiencing strong demand and growth potential. The transaction was financed through a combination of cash, credit facilities, and a directed share issue, resulting in a slight dilution for existing shareholders.
The most recent analyst rating on (SE:NOTE) stock is a Hold with a SEK187.00 price target. To see the full list of analyst forecasts on NOTE AB stock, see the SE:NOTE Stock Forecast page.
More about NOTE AB
NOTE is a competitive electronics manufacturing services (EMS) provider that produces PCBAs, subassemblies, and box build products. The company focuses on delivering high-end manufacturing, custom logistics solutions, and consulting services, primarily to large corporations operating globally and enterprises with main sales in Northern Europe. NOTE operates in Sweden, Finland, the UK, Estonia, Bulgaria, and China, and is listed on Nasdaq Stockholm.
Average Trading Volume: 50,673
Technical Sentiment Signal: Buy
Current Market Cap: SEK5.11B
For an in-depth examination of NOTE stock, go to TipRanks’ Overview page.