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OEM International AB Class B ( ($SE:OEM.B) ) has issued an announcement.
OEM International has agreed to acquire a majority stake in Kokkolan Sähkö ja Automaatio Oy, an automation and electrical products specialist based in Kokkola, Finland, which generates annual sales of EUR 3.6 million. The deal, which includes an option for OEM to buy the remaining shares and is scheduled to close on 13 April, expands OEM’s footprint in the Kokkola region and along Finland’s west coast, though it is expected to have only a minor impact on earnings this year.
KSA Oy, founded in 2008 and known for its high-tech brands, expertise and customer focus, will gain a long-term, financially strong industrial owner in OEM International. Both companies frame the transaction as a platform for further business development in Finland, reinforcing OEM’s market presence in automation and electrical solutions while integrating KSA into a larger industrial group.
The most recent analyst rating on ($SE:OEM.B) stock is a Buy with a SEK144.00 price target. To see the full list of analyst forecasts on OEM International AB Class B stock, see the SE:OEM.B Stock Forecast page.
More about OEM International AB Class B
OEM International AB is one of Europe’s leading technology trading companies, operating 38 units in 16 countries and focusing on the trade of components and systems from leading suppliers in selected European markets. The group leverages a well-structured local market organisation and efficient logistics to offer an alternative to suppliers’ own sales organisations, strengthening its position as a key distribution partner.
Average Trading Volume: 97,340
Technical Sentiment Signal: Hold
Current Market Cap: SEK16.94B
Learn more about OEM.B stock on TipRanks’ Stock Analysis page.