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Vitec Software Group AB Class B ( ($SE:VIT.B) ) has issued an update.
Vitec Software Group has reinforced its position in the vertical market software segment by acquiring a 75% stake in Dutch firm Autonet, a market leader in mission-critical software for the automotive dismantling sector in the Netherlands and Belgium, which generated €4.5 million in sales in 2025. The deal, paid in cash and set to be gradually increased to full ownership by 2029, is expected to immediately boost Vitec’s earnings per share and expand its footprint in the circular automotive parts value chain, while Autonet’s existing management retains a minority stake and its 22 employees join Vitec to support further international growth.
The most recent analyst rating on ($SE:VIT.B) stock is a Hold with a SEK279.00 price target. To see the full list of analyst forecasts on Vitec Software Group AB Class B stock, see the SE:VIT.B Stock Forecast page.
More about Vitec Software Group AB Class B
Vitec Software Group AB is a Sweden-based provider of vertical market software, developing specialized solutions for various niche sectors with a long-term, acquisition-driven growth strategy. Headquartered in Umeå and listed on Nasdaq Stockholm, the company employs 1,770 people and reported net sales of SEK 3,334 million in 2024, focusing on mission-critical software that supports continuous improvement and innovation across its business units.
Average Trading Volume: 64,588
Technical Sentiment Signal: Sell
Current Market Cap: SEK10.49B
For a thorough assessment of VIT.B stock, go to TipRanks’ Stock Analysis page.