Southern Cross Electrical Engineering Limited ( (AU:SXE) ) has provided an update.
Southern Cross Electrical Engineering Limited (SCEE) has announced its acquisition of Force Fire Holdings, a leading provider of fire safety solutions in New South Wales and Queensland, for up to $53.5 million. This strategic acquisition aligns with SCEE’s goal to enhance its service offerings and increase recurring revenue streams. The acquisition is expected to bolster SCEE’s position in the fire safety sector, a field characterized by non-discretionary demand and regulatory requirements, and offers potential for cross-selling opportunities and geographic expansion. The transaction is anticipated to contribute at least $10 million EBIT in FY26, with Force Fire’s management team remaining in place to drive growth.
More about Southern Cross Electrical Engineering Limited
Southern Cross Electrical Engineering Limited (SCEE) operates in the electrical engineering industry, providing electrical, communications, security, and manufacturing services. The company focuses on expanding its capabilities and market presence by acquiring complementary businesses.
YTD Price Performance: 0.67%
Technical Sentiment Signal: Sell
Current Market Cap: €238.7M
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