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An update from NRW Holdings Limited ( (AU:NWH) ) is now available.
NRW Holdings Limited has announced the acquisition of Fredon Industries Pty Ltd, a leading provider of electrical, mechanical (HVAC), infrastructure, technology, and maintenance services in Australia. The acquisition, valued at up to $200 million, aligns with NRW’s strategy to expand its service offerings and enter new markets, particularly in the energy transition and digital innovation sectors. This move is expected to enhance NRW’s market positioning by adding a fourth pillar, ‘EMIT’, to its operations, and is anticipated to provide significant growth opportunities due to Fredon’s established client base and strong revenue streams.
The most recent analyst rating on (AU:NWH) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.
More about NRW Holdings Limited
NRW Holdings Limited is an Australian company operating in the construction and engineering industry. It focuses on providing services such as civil, mining, and urban infrastructure, with a strong presence in the resources sector across Australia.
Average Trading Volume: 1,092,554
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
Learn more about NWH stock on TipRanks’ Stock Analysis page.