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An update from Mayfield Group Holdings Limited ( (AU:MYG) ) is now available.
Mayfield Group Holdings Limited has successfully completed the acquisition of BE Switchcraft Pty Ltd, marking a strategic expansion into the commercial sector, including education, healthcare, and government markets. The acquisition enhances Mayfield’s capabilities in energy management and building automation, vital for the growing data centre and AI applications market. The integration of BE Switchcraft is expected to bring immediate operational benefits and a positive EBIT contribution from FY26, while also expanding Mayfield’s market reach and production capacity.
The most recent analyst rating on (AU:MYG) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Mayfield Group Holdings Limited stock, see the AU:MYG Stock Forecast page.
More about Mayfield Group Holdings Limited
Mayfield Group Holdings Limited is a leading Australian provider of critical electrical infrastructure solutions, founded in 1936. The company has evolved from a traditional switchboard manufacturer into a comprehensive provider of power and energy solutions, communications and control systems. Mayfield serves sectors including data centres, AI infrastructure, mining, infrastructure, renewable energy, defence, and government across Australia, with manufacturing facilities in South Australia and Western Australia.
Average Trading Volume: 65,098
Technical Sentiment Signal: Buy
Current Market Cap: A$142.7M
See more insights into MYG stock on TipRanks’ Stock Analysis page.