Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.
Southern Cross Electrical Engineering Limited (SCEE) has successfully acquired Sydney-based MDE Group, enhancing their electrical and communications services on Australia’s east coast and bolstering their presence in key sectors such as commercial construction and data centres. The acquisition, valued at $5.55 million, strategically positions SCEE to capitalize on opportunities at the Western Sydney International Airport and in the data centre space. This move is part of SCEE’s ongoing growth strategy, which includes actively seeking additional acquisitions to diversify geographically and expand capabilities.
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