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The latest announcement is out from StrongPoint ASA ( (DE:PGT) ).
StrongPoint has signed an agreement to sell its shares in 1X, a company it invested in back in March 2021, to an undisclosed buyer, resulting in a net gain of NOK 22 million. This transaction reflects StrongPoint’s strategic focus on enhancing efficiency in grocery retail stores, despite 1X’s shift towards the consumer market, and is expected to be completed by July.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company that offers solutions to enhance the efficiency and experience of shopping, both in-store and online. Headquartered in Norway and listed on the Oslo Stock Exchange, the company operates in over 20 countries with approximately 500 employees. Its product offerings include e-commerce solutions, automated fulfillment, electronic shelf labels, AI-powered self-checkouts, and cash management systems.
Average Trading Volume: 68,575
Current Market Cap: NOK491.6M
Learn more about PGT stock on TipRanks’ Stock Analysis page.