NRW Holdings’ Fredon Secures $150M in Data Centre Contracts

NRW Holdings Limited ( (AU:NWH) ) just unveiled an announcement.

NRW Holdings Limited announced that its subsidiary, Fredon, has secured several data centre contracts valued at approximately $150 million. These contracts, which include electrical and mechanical works in Victoria, Brisbane, and New South Wales, reinforce Fredon’s strong position in the Australian data centre market. The contracts are expected to extend Fredon’s involvement in these projects for up to 18 months, highlighting the subsidiary’s capabilities and contributing to NRW’s diversification strategy. Fredon’s CEO, Scott Olsen, and NRW’s CEO, Jules Pemberton, emphasized the significance of these contracts in strengthening Fredon’s market reputation and expanding NRW’s service offerings and market exposure.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

More about NRW Holdings Limited

NRW Holdings Limited is a leading provider of diversified contract services in Australia, serving sectors such as government, resources, industrial, and infrastructure. The company operates extensively across Australia, with additional offices in Canada and the United States, offering services like civil construction, contract mining, and equipment refurbishment. NRW’s divisions include NRW Civil & Mining, Golding Contractors, Action Drill & Blast, and the MET Division, which provide a range of services from earthworks to minerals processing. The EMIT division, which includes Fredon, offers electrical, mechanical, infrastructure, technology, and maintenance services.

Average Trading Volume: 1,623,048

Technical Sentiment Signal: Buy

Current Market Cap: A$2.53B

See more insights into NWH stock on TipRanks’ Stock Analysis page.