Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
SSH Group Ltd. ( (AU:SSH) ) has provided an update.
SSH Group has agreed to acquire 100% of Elphinstone Mechanical Services, a long-established mechanical services and workforce solutions provider to the mining sector specialising in heavy diesel maintenance, shutdown support and field services. The deal will fold EMS into SSH’s Hire division, broadening its service capability and extending its footprint from Western Australia into Queensland and the broader east coast.
The acquisition roughly doubles SSH’s scale, with the combined group expected to generate pro forma FY25 revenue of $76.3 million and EMS contributing strong gross profit and EBITDA. Management says the transaction is immediately earnings and margin accretive, with identified operational synergies, an attractive purchase multiple and EMS’s founders retained to drive growth, reinforcing SSH’s positioning as an end-to-end mining services provider.
More about SSH Group Ltd.
SSH Group Ltd is an Australian integrated mining services and asset platform operating under a “Hire | Mine | Own” model. The company provides equipment hire, workforce solutions and mining services, with a focus on scalable, high-quality support for Tier 1 and mid-tier mining clients across key Australian resource regions.
Average Trading Volume: 73,970
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$19.62M
For a thorough assessment of SSH stock, go to TipRanks’ Stock Analysis page.