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Vitec Software Group AB Class B ( ($SE:VIT.B) ) has provided an announcement.
Vitec Software Group has completed its acquisition of NMG, a Polish software company specializing in mission-critical software for the energy and industrial sectors. This acquisition, which includes NMG’s market-leading software solutions for energy management, is expected to immediately increase Vitec’s earnings per share, enhancing its position in the energy software market.
The most recent analyst rating on ($SE:VIT.B) stock is a Hold with a SEK404.00 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 is a leading provider of Vertical Software based in Umeå, Sweden. The company focuses on developing products tailored to specific niche markets, leveraging the expertise of its employees and a shared corporate culture for continuous innovation. Vitec grows through both the success of its business units and strategic acquisitions, maintaining a long-term perspective. The company is listed on Nasdaq Stockholm, employs 1,660 people, and reported net sales of SEK 3,334 million in 2024.
YTD Price Performance: -37.09%
Average Trading Volume: 88,221
Technical Sentiment Signal: Sell
Current Market Cap: SEK13.56B
Find detailed analytics on VIT.B stock on TipRanks’ Stock Analysis page.