Symal moves into South Australia with $23m Davison Earthmovers acquisition

Symal Group Limited ( (AU:SYL) ) has shared an update.

Symal Group has entered into a conditional agreement to acquire 80% of South Australian civil construction firm Davison Earthmovers for $23.2 million, funded from existing cash reserves and including more than $11 million in plant and equipment. The deal gives Symal immediate scale and credibility in the South Australian market, positioning it to compete for a share of the state’s $27.3 billion infrastructure pipeline across road and rail, defence, facilities and renewable energy projects. Davison’s founder Paul Davison will retain a 20% stake and continue to lead the business, while Symal holds options to acquire the remaining interest in four to five years. The acquisition is expected to deliver around $7 million in annualised underlying EBITDA from FY26 and be earnings-per-share accretive from year one, strengthening Symal’s national expansion strategy and providing a deeper asset-backed platform and local relationships for future growth.

The most recent analyst rating on (AU:SYL) stock is a Buy with a A$3.75 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 Melbourne-headquartered, ASX-listed diversified services provider delivering contracting and specialised technical services across critical Australian industries. The company operates an integrated, end-to-end model spanning infrastructure, power and renewables, utilities, data centres, defence, and building and facilities, with a focus on resilient end markets nationwide.

Average Trading Volume: 324,034

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$734.2M

For a thorough assessment of SYL stock, go to TipRanks’ Stock Analysis page.