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Proact IT Group AB ( (SE:PACT) ) has shared an update.
Proact IT Group AB has announced its acquisition of Consular ApS, a Danish IT company with a strong market position in data infrastructure, to bolster its presence in the Nordic region and enhance its expertise in infrastructure and cloud solutions. This strategic move is expected to create a leading offering in these areas, benefiting from Consular’s established customer relationships and technical expertise. The acquisition, valued at an initial DKK 65 million with potential earn-outs, is set to close in the fourth quarter of 2025, pending regulatory approval.
The most recent analyst rating on (SE:PACT) stock is a Hold with a SEK103.00 price target. To see the full list of analyst forecasts on Proact IT Group AB stock, see the SE:PACT Stock Forecast page.
More about Proact IT Group AB
Proact IT Group AB is a leading European specialist in data and information management, with a focus on cloud services and data centre solutions. The company helps customers store, connect, protect, secure, and drive value through their data, enhancing agility, productivity, and efficiency. Proact has completed thousands of projects globally, serving over 4,000 customers and managing hundreds of petabytes of information in the cloud. Founded in 1994, Proact is listed on Nasdaq Stockholm and employs over 1,200 people across Europe and North America.
Average Trading Volume: 50,015
Technical Sentiment Signal: Sell
Current Market Cap: SEK2.35B
See more insights into PACT stock on TipRanks’ Stock Analysis page.