Valtecne S.p.A. (IT:VLT) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Valtecne S.p.A. has announced its acquisition of a 60% stake in Utilità S.r.l., a contract manufacturer in the medical sector, as part of its strategic growth plan. This move is expected to enhance Valtecne’s position in the orthopedic market and expand into the dental and aerospace segments. The acquisition will be financed through a mix of cash and debt, with the deal expected to close by the first quarter of 2025.
For further insights into IT:VLT stock, check out TipRanks’ Stock Analysis page.