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The latest update is out from Verbrec Ltd ( (AU:VBC) ).
Verbrec Limited has successfully completed the acquisition of Alliance Automation Pty Ltd, marking a significant enhancement in its digital capabilities and service offerings. This acquisition is expected to add $60 million in annual revenue and expand Verbrec’s team to approximately 700 members across 18 locations in Australia and New Zealand, thereby strengthening its market position and providing growth opportunities through an expanded service offering to a common client base.
The most recent analyst rating on (AU:VBC) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Verbrec Ltd stock, see the AU:VBC Stock Forecast page.
More about Verbrec Ltd
Verbrec is a leading engineering, asset management, project delivery, operations & maintenance, and mining technology service provider. The company operates across Australia, New Zealand, Papua New Guinea, and beyond, serving the energy, infrastructure, and mining industries. Verbrec specializes in asset management, automation and control, pipelines, power, process plant, and training, covering the entire life cycle of an asset. It is listed on the Australian Securities Exchange (ASX:VBC).
Average Trading Volume: 332,562
Technical Sentiment Signal: Buy
Current Market Cap: A$42.36M
Learn more about VBC stock on TipRanks’ Stock Analysis page.