Primech Holdings Expands into North American AI Cleaning Market

The latest update is out from Primech Holdings Ltd. ( (PMEC) ).

On September 18, 2025, Primech Holdings Ltd. announced its expansion into the North American market with the opening of its U.S. office in Edwardsville, Illinois. This strategic move aims to capitalize on the growing demand for AI-driven automated cleaning solutions in the $3.66 billion U.S. cleaning robot market, which is expected to grow at a CAGR of 22.7% through 2030. By establishing a presence in Illinois, Primech plans to efficiently scale its operations across major American markets, positioning itself as a leader in providing innovative, labor-reducing cleaning technologies to sectors such as education, healthcare, hospitality, and retail.

The most recent analyst rating on (PMEC) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Primech Holdings Ltd. stock, see the PMEC Stock Forecast page.

Spark’s Take on PMEC Stock

According to Spark, TipRanks’ AI Analyst, PMEC is a Neutral.

Primech Holdings Ltd. faces significant challenges with profitability and financial stability, reflected in a low valuation score. However, technical indicators show a positive trend, providing some support to the overall score.

To see Spark’s full report on PMEC stock, click here.

More about Primech Holdings Ltd.

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, serving both public and private sectors. The company offers advanced facility maintenance services, specialized cleaning solutions, and targeted cleaning services for various sectors, integrating eco-friendly practices and smart technology solutions to enhance operational efficiency.

Average Trading Volume: 109,901

Technical Sentiment Signal: Buy

See more insights into PMEC stock on TipRanks’ Stock Analysis page.