Automated Logic Acquires CCG Automation to Strengthen Market Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Newsfilter
- Strategic Acquisition: Automated Logic's acquisition of substantially all assets of CCG Automation aims to bolster its footprint in Ohio, leveraging CCG's 28 years of experience in building automation to enhance industry influence.
- Technology Integration: CCG specializes in providing building automation solutions for complex facilities in healthcare, education, and commercial sectors, and the acquisition will integrate its advanced technologies to further enhance Automated Logic's service capabilities in high-growth areas.
- Team Collaboration: CCG employees will remain in the Cleveland market, collaborating with existing teams to ensure continuity and quality of customer service, thereby enhancing customer trust.
- Market Outlook: This acquisition positions Automated Logic to leverage CCG's expertise, driving innovation and quality to deliver greater customer value, aligning with the company's long-term strategic goals in intelligent building technologies.
Analyst Views on CARR
Wall Street analysts forecast CARR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CARR is 71.36 USD with a low forecast of 60.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 53.500
Low
60.00
Averages
71.36
High
90.00
Current: 53.500
Low
60.00
Averages
71.36
High
90.00
About CARR
Carrier Global Corporation is engaged in providing intelligent climate and energy solutions with a focus on providing digitally enabled lifecycle solutions to its customers. The Company’s segment include Climate Solutions Americas, which provides products, controls, services and solutions to meet the heating, ventilation and cooling (HVAC) needs of residential and commercial customers in North and South America; Climate Solutions Europe segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Europe; Climate Solutions Asia Pacific, Middle East & Africa segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Asia Pacific, the Middle East and Africa; and Climate Solutions Transportation segment includes global transport refrigeration and monitoring products, services and digital solutions for trucks, trailers, shipping containers, intermodal and rail.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
