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An announcement from Troax Group AB Class A ( (SE:TROAX) ) is now available.
Troax Group AB has announced the divestment of its subsidiary, LagerMix Rullportar AB, as part of a strategic portfolio review aimed at streamlining and focusing the group. LagerMix, which specializes in self-storage solutions for the Nordic market, will be acquired by its current management. This move is expected to allow LagerMix to grow more robustly under new ownership, while the transaction will not materially impact Troax’s financial metrics.
The most recent analyst rating on (SE:TROAX) stock is a Buy with a SEK157.00 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 is a leading global supplier specializing in indoor perimeter protection for manufacturing and warehousing environments. The company develops high-quality and innovative safety solutions to protect people, property, and processes. With a strong sales force and efficient supply chain, Troax operates in 42 countries, employing approximately 1,200 people, and reported sales of 279 million EUR in 2024. The company’s head office is located in Hillerstorp, Sweden.
Average Trading Volume: 65,392
Technical Sentiment Signal: Sell
Current Market Cap: SEK8.52B
See more insights into TROAX stock on TipRanks’ Stock Analysis page.