Global Capital Goods Undervalued Small Caps

Altea Green Power

Market Cap: €132.2m

Supplies and manages renewable energy plants in Italy and the United States.

AKVA group

Market Cap: NOK 2.9b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Tennant

Market Cap: US$1.4b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Byrna Technologies

Market Cap: US$394.7m

A less-lethal self-defense technology company, develops, manufactures, and sells less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.

Viglacera

Market Cap: ₫20.1t

Manufactures and sells building materials in Vietnam.

Rosenbauer International

Market Cap: €481.4m

Engages in the provision of systems for preventive firefighting and disaster protection technology worldwide.

Ashtead Technology Holdings

Market Cap: UK£262.0m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Jinlei Technology

Market Cap: CN¥9.8b

Engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally.

People & Technology

Market Cap: ₩828.7b

Offers coating, calendaring, slitting, automation, and other machineries.

Cadeler

Market Cap: NOK 17.8b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Norcros

Market Cap: UK£284.3m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Precision Tsugami (China)

Market Cap: HK$12.6b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.

Bossard Holding

Market Cap: CHF 1.2b

Provides industrial fastening and assembly solutions in Europe, the United States, and Asia.

R&S Group Holding

Market Cap: CHF 587.6m

Manufactures and supplies electrical infrastructure products the United Kingdom, Switzerland, Ireland, Italy, Poland, and the Middle East.

EXEL Industries

Market Cap: €257.7m

Engages in the manufacture and sale of agricultural spraying equipment in France, the United Kingdom, the Netherlands, Denmark, Germany, Romania, the United States, Australia, and internationally.

Heidelberger Druckmaschinen

Market Cap: €608.7m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Insteel Industries

Market Cap: US$638.6m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م15.8b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

HMS Bergbau

Market Cap: €211.7m

Engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide.

Tasmea

Market Cap: AU$1.1b

Provides shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia.

Bird Construction

Market Cap: CA$1.6b

Provides construction services in Canada.

Magellan Aerospace

Market Cap: CA$1.1b

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Hantech

Market Cap: ₩368.7b

Produces and sells chemical process equipment/storage tanks and cryogenic containers in South Korea.

Scott Technology

Market Cap: NZ$237.1m

Engages in the design, manufacture, sale, and servicing of automated and robotic production lines and processes for various industries in New Zealand and internationally.

Transrail Lighting

Market Cap: ₹67.5b

An engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally.

NORINCO International Cooperation

Market Cap: CN¥13.3b

Engages in the engineering construction and services, resources and equipment supply chain, power operations, and industrial manufacturing businesses in China and internationally.

Power Solutions International

Market Cap: US$1.5b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Trusco Nakayama

Market Cap: JP¥160.2b

Engages in the wholesale of work, measuring, and cutting tools; and auxiliary materials in Japan and internationally.

Evergreen Aviation Technologies

Market Cap: NT$54.3b

Provides aircraft maintenance services to airline partners in Taiwan and internationally.

Nikkiso

Market Cap: JP¥110.8b

Engages in industrial, aerospace, and medical businesses worldwide.

Technocraft Industries (India)

Market Cap: ₹49.0b

Engages in scaffolding business in India and internationally.

Cambi

Market Cap: NOK 2.8b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Man Industries (India)

Market Cap: ₹26.4b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Lum Chang Creations

Market Cap: S$168.5m

Operates as an urban revitalization specialist that offers conservation and restoration works in Singapore and Malaysia.

Gesco

Market Cap: €153.8m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

LSI Industries

Market Cap: US$573.5m

Manufactures, markets, and sells non-residential lighting and retail display solutions in the United States.