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Toromont Industries ( (TSE:TIH) ) has provided an update.
Toromont Industries Ltd. has acquired a 60% stake in AVL Manufacturing Inc., a company specializing in power generation and storage enclosures serving the data center market in eastern North America. This acquisition is expected to enhance Toromont’s capabilities and market reach, particularly in the growing North American power enclosure market, while maintaining AVL’s operational continuity under its current leadership.
More about Toromont Industries
Toromont Industries Ltd. is a company involved in the industrial equipment industry, with a focus on power systems and related services. The company enhances its market presence through strategic acquisitions and investments.
YTD Price Performance: 2.47%
Average Trading Volume: 188,105
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$9.42B
For detailed information about TIH stock, go to TipRanks’ Stock Analysis page.
