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Pinewood Technologies Completes Acquisition of PWSA to Boost Southern Africa Presence

Story Highlights
  • Pinewood Technologies has acquired PWSA to enhance its Southern Africa operations.
  • The acquisition supports Pinewood.AI’s growth and expansion strategy in the automotive sector.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pinewood Technologies Completes Acquisition of PWSA to Boost Southern Africa Presence

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Pinewood Technologies ( (GB:PINE) ) just unveiled an update.

Pinewood Technologies Group PLC has completed the acquisition of PWSA, enhancing its control over sales and customer service functions in Southern Africa. This strategic move is expected to drive growth in the region, where PWSA has already established significant partnerships with dealers and OEMs across several countries. The acquisition aligns with Pinewood.AI’s ongoing expansion efforts following its recent independence from Pendragon PLC and its acquisition of Seez, an automotive AI & ML SaaS platform.

The most recent analyst rating on (GB:PINE) stock is a Buy with a £550.00 price target. To see the full list of analyst forecasts on Pinewood Technologies stock, see the GB:PINE Stock Forecast page.

Spark’s Take on GB:PINE Stock

According to Spark, TipRanks’ AI Analyst, GB:PINE is a Neutral.

Pinewood Technologies’ stock is supported by strong financial performance and positive corporate events, indicating growth potential and strategic confidence. However, the lack of valuation metrics and bearish technical indicators suggest caution. The company’s strategic acquisitions and insider confidence are significant positive factors.

To see Spark’s full report on GB:PINE stock, click here.

More about Pinewood Technologies

Pinewood Technologies Group PLC, established in 1981, is a leading cloud-based full-service technology provider for automotive retailers and OEMs. The company offers a market-leading automotive intelligence platform developed in collaboration with dealers and OEMs, providing secure software solutions across sales, aftersales, accounting, and CRM. With headquarters in the UK and North America, Pinewood.AI serves a global user base in over 20 countries and maintains partnerships with over 50 OEM brands.

Average Trading Volume: 257,679

Technical Sentiment Signal: Buy

Current Market Cap: £537.4M

For an in-depth examination of PINE stock, go to TipRanks’ Overview page.

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