An update from EuroGroup Laminations S.p.A ( (IT:EGLA) ) is now available.
EuroGroup Laminations S.p.A. has announced its strategic move to consolidate its presence in China by acquiring a 30% stake in two joint ventures from Marubeni-Itochu Steel Inc. for 100 million RMB. This acquisition is part of EuroGroup’s expansion strategy in the Chinese market, which is crucial for e-mobility and energy transition, and will be financed entirely through the company’s cash resources. The transaction is expected to complete in the first half of 2025, further strengthening EuroGroup’s market position and ongoing collaboration with Marubeni-Itochu through the Lamination World Alliance.
More about EuroGroup Laminations S.p.A
EuroGroup Laminations is a global leader in designing, producing, and distributing stators and rotors for electric motors and generators. The company operates in two main business segments: EV & Automotive, which focuses on motor cores for electric vehicles and various automotive applications, and Industrial, which provides products for applications like home automation, HVAC, and wind energy. With a revenue of approximately 836 million euros in 2023, EuroGroup Laminations employs around 3,400 people and operates 15 production plants worldwide.
YTD Price Performance: -0.57%
Average Trading Volume: 386,451
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €452.5M
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