Kontrol Technologies (TSE:KNR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kontrol Technologies Corp. has announced the sale of its subsidiary CEMSI for approximately $17.3 million, aiming to bolster its ‘sustainable buildings’ services with the proceeds. This strategic move will fuel growth through organic expansion and potential acquisitions in the lucrative sustainable buildings market, with a focus on high-margin opportunities. The company is also exploring options to capitalize on its BioCloud technology patents separately.
For further insights into TSE:KNR stock, check out TipRanks’ Stock Analysis page.
