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The latest announcement is out from Troax Group AB Class A ( (SE:TROAX) ).
Troax Group AB has acquired Stommpy SpA, an Italian producer of flexible safety barriers, along with its Austrian subsidiary. This acquisition enhances Troax’s product line with Stommpy’s unique safety solutions, particularly in high-demand sectors like food and pharmaceuticals. The acquisition is expected to strengthen Troax’s position in the industrial safety solutions market, though it will not materially affect the company’s earnings per share or net debt/EBITDA.
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 is a leading global supplier of indoor perimeter protection solutions for manufacturing and warehousing environments. The company focuses on developing high-quality and innovative safety solutions to protect people, property, and processes. With a strong sales force and efficient supply chain, Troax is represented in 42 countries and employs approximately 1,200 people. The company is headquartered in Hillerstorp, Sweden, and reported sales of 279 million euros in 2024.
YTD Price Performance: -33.24%
Average Trading Volume: 83,144
Technical Sentiment Signal: Sell
Current Market Cap: SEK8.74B
For detailed information about TROAX stock, go to TipRanks’ Stock Analysis page.