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An announcement from Sumida Corporation ( (JP:6817) ) is now available.
Sumida Corporation’s European subsidiary, VOGT electronic Miesau GmbH, is set to acquire 80% of Schmidbauer Transformatoren- und Gerätebau GmbH, a company specializing in large-scale coil products for industrial sectors. This acquisition aims to enhance Sumida’s market presence by leveraging Schmidbauer’s expertise in high-power applications and expanding its local-to-local supply capabilities. The strategic move is expected to diversify Sumida’s revenue streams and strengthen its position in untapped geographical and application markets.
The most recent analyst rating on (JP:6817) stock is a Hold with a Yen1010.00 price target. To see the full list of analyst forecasts on Sumida Corporation stock, see the JP:6817 Stock Forecast page.
More about Sumida Corporation
Sumida Corporation operates in the electronics industry, focusing on the development and manufacturing of electronic components such as coils and transformers. The company is positioned in markets including renewable energy, military, and non-road mobile machinery, with a global manufacturing footprint in East Europe, Asia, and North America.
Average Trading Volume: 227,892
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen34.34B
Find detailed analytics on 6817 stock on TipRanks’ Stock Analysis page.