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An update from Tornado Global Hydrovacs ( (TSE:TGH) ) is now available.
Tornado Infrastructure Equipment Ltd. has completed the acquisition of Custom Vacuum Services Ltd. for $28 million, marking a strategic expansion into the environmental and waste management sector. This acquisition is expected to enhance Tornado’s product line, leverage synergies for cost efficiency, and drive immediate growth by utilizing CustomVac’s strong market presence in Western Canada and Tornado’s established sales channels in North America.
The most recent analyst rating on (TSE:TGH) stock is a Buy with a C$1.65 price target. To see the full list of analyst forecasts on Tornado Global Hydrovacs stock, see the TSE:TGH Stock Forecast page.
More about Tornado Global Hydrovacs
Tornado Infrastructure Equipment Ltd. is a leading manufacturer of specialized infrastructure and excavation equipment. The company focuses on expanding its footprint in the infrastructure equipment sector, with a commitment to innovation, diversification, and disciplined growth.
Average Trading Volume: 112,481
Technical Sentiment Signal: Buy
Current Market Cap: C$231.9M
For a thorough assessment of TGH stock, go to TipRanks’ Stock Analysis page.