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Thermador Groupe ( (FR:THEP) ) has provided an announcement.
Thermador Groupe has entered into exclusive negotiations to acquire Quilinox, a Spanish distributor of stainless steel equipment for fluid regulation and control across multiple industries. This acquisition is expected to enhance Thermador’s market position by integrating Quilinox’s operations and leveraging synergies with its existing companies, with the sale agreement anticipated by mid-2025.
More about Thermador Groupe
Thermador Groupe operates in the industrial equipment sector, focusing on products such as pumps, valves, and flow meters. The company serves various industries, including food, biotechnology, and pharmaceuticals, with a strong market presence in France and internationally.
YTD Price Performance: -5.42%
Average Trading Volume: 63
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €616.3M
See more insights into THEP stock on TipRanks’ Stock Analysis page.