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Volution ( (GB:FAN) ) has issued an announcement.
Volution Group plc has announced the acquisition of AC Industries, a specialist in ventilation ducting solutions for underground mines, for up to AUD$178.9 million. This strategic acquisition aligns with Volution’s commitment to energy efficiency and healthy air, expanding their presence in the Australasian market. The deal is expected to enhance Volution’s capabilities in serving mining applications and is projected to be immediately earnings accretive, strengthening their market position and offering significant growth potential.
The most recent analyst rating on (GB:FAN) stock is a Buy with a £820.00 price target. To see the full list of analyst forecasts on Volution stock, see the GB:FAN Stock Forecast page.
Spark’s Take on GB:FAN Stock
According to Spark, TipRanks’ AI Analyst, GB:FAN is a Neutral.
Volution’s overall stock score is primarily driven by its strong financial performance, which is a significant strength. However, the bearish technical indicators and relatively high valuation dampen the overall score. The lack of earnings call data and notable corporate events means these factors do not influence the score.
To see Spark’s full report on GB:FAN stock, click here.
More about Volution
Volution Group plc is a leading international designer and manufacturer of energy-efficient indoor air quality solutions. The company operates across three regions with 29 key brands, providing a range of ventilation and air quality products. Their market focus includes the UK, Continental Europe, and Australasia, where they aim to deliver healthy air solutions sustainably.
Average Trading Volume: 492,004
Technical Sentiment Signal: Buy
Current Market Cap: £1.2B
Find detailed analytics on FAN stock on TipRanks’ Stock Analysis page.