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Volati AB ( (SE:VOLO) ) has shared an announcement.
Volati’s Salix Group, a business area focused on building materials and related operations, has agreed to acquire Laydex Building Solutions, a market-leading Irish supplier of building materials with a mix of proprietary and external brands. Laydex, founded in 1995, brings strong technical expertise, long-standing customer relationships and solid profitability, aligning closely with Salix Group’s existing model while extending its footprint into Ireland.
The deal gives Salix Group a scalable platform in a structurally attractive Irish construction market, characterised by a housing shortage and stable economic conditions that support long-term demand for building materials. With Laydex expected to add around SEK 480 million in annual revenue at an EBITA margin of about 13 percent, the acquisition is set to strengthen Salix’s margins, accelerate both organic and acquisition-driven growth, and support Volati’s broader strategy of value-creating add-on acquisitions, which has seen three such deals in the past year financed through existing credit facilities.
The most recent analyst rating on (SE:VOLO) stock is a Hold with a SEK77.00 price target. To see the full list of analyst forecasts on Volati AB stock, see the SE:VOLO Stock Forecast page.
More about Volati AB
Volati AB is a Swedish industrial group that focuses on owning and developing medium-sized companies through long-term, sustainable value creation and add-on acquisitions. Its operations span the Salix Group, Ettiketto Group and Industry business areas, active in 20 countries with about 2,300 employees and annual sales of roughly SEK 8.4 billion. Volati’s ordinary and preference shares are listed on Nasdaq Stockholm, and its strategy emphasizes profitable growth via both organic initiatives and acquisitions across the Nordics and wider Europe.
Average Trading Volume: 72,091
Technical Sentiment Signal: Sell
Current Market Cap: SEK6.36B
See more data about VOLO stock on TipRanks’ Stock Analysis page.