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Symal Group Limited ( (AU:SYL) ) has shared an announcement.
Symal Group Limited has announced a strategic expansion into the Queensland market through the acquisition of Timms Group and L&D Contracting for $28 million. This acquisition, funded from cash reserves, enhances Symal’s contracting, haulage, and repurposing capabilities, positioning the company to capitalize on significant infrastructure opportunities ahead of the 2032 Brisbane Olympics. The acquisition is expected to be EPS accretive in the first year and deliver an annualized underlying EBITDA of approximately $8 million in FY26, with completion anticipated in Q3 FY26.
The most recent analyst rating on (AU:SYL) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Symal Group Limited stock, see the AU:SYL Stock Forecast page.
More about Symal Group Limited
Symal Group Limited is a diversified services provider headquartered in Melbourne, Australia, and listed on the Australian Securities Exchange (ASX: SYL). Founded in 2001, the company focuses on resilient end markets by delivering contracting and specialized technical services across critical industries in Australia. Symal operates through an integrated model providing end-to-end solutions in infrastructure, power and renewables, utilities, data centers, defense, building, and facilities.
Average Trading Volume: 307,830
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$700.7M
For a thorough assessment of SYL stock, go to TipRanks’ Stock Analysis page.