GUD Holdings has acquired Vision X for US$71.4m, which Macquarie suggests will be highly complementary to the existing BWI business.

The broker finds the acquisition compelling from an accretion perspective as well as a longer-term strategic objective.

The broker retains an Outperform rating and considers the main risk lies with Vision X not achieving not hit its growth targets. Target is raised to $15.75 from $13.60.

Sector: Consumer Durables & Apparel.

Target price is $15.75.Current Price is $12.20. Difference: $3.55 - (brackets indicate current price is over target). If GUD meets the Macquarie target it will return approximately 23% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena