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Troax Group AB Class A ( (SE:TROAX) ) has issued an announcement.
Troax Group has completed the acquisition of Vichnet, the Chinese market leader in machine guarding and wire trays, reinforcing its position in industrial safety solutions and expanding its footprint in the strategically important APAC region. Vichnet, based in Ningbo with 2024 turnover of 26 MEUR and around 300 employees, will be integrated into Troax’s APAC reporting structure, adding a comprehensive portfolio of safety solutions for both Chinese and export markets, while the deal will entail approximately 1 MEUR in related costs, most of which will be recognized in the first quarter of 2026.
The most recent analyst rating on (SE:TROAX) stock is a Hold with a SEK150.00 price target. To see the full list of analyst forecasts on Troax Group AB Class A stock, see the SE:TROAX Stock Forecast page.
More about Troax Group AB Class A
Troax Group AB is a leading global supplier of indoor perimeter protection for manufacturing and warehousing environments, developing high-quality, innovative safety solutions to protect people, property and processes. Headquartered in Hillerstorp, Sweden, the company operates in 42 countries with roughly 1,200 employees and reported sales of 279 MEUR in 2024, supported by a strong sales force, efficient supply chain and local customer service presence worldwide.
Average Trading Volume: 86,506
Technical Sentiment Signal: Sell
Current Market Cap: SEK8.68B
See more data about TROAX stock on TipRanks’ Stock Analysis page.