• SCEE to acquire 100% of Force Fire Holdings for up to $53.5m
• Fire safety is a natural adjacency to SCEE's core electrical capabilities
• Acquisition expected to be at least 18% EPS accretive in FY25

Southern Cross Electrical Engineering Limited (SCEE) has executed a Share Purchase Agreement to acquire 100% of Force Fire Holdings Pty Ltd ('Force Fire') for a total consideration of up to $53.5m. Founded in 2004 and headquartered in Sydney, Force Fire manages a direct workforce of over 200 employees across New South Wales and Queensland, providing specialized fire safety solutions. The acquisition aligns with SCEE's strategy to add adjacent and complementary capabilities, and increase exposure to services and maintenance style works and recurring revenues. The fire sector is a natural and logical adjacency to SCEE's core electrical competence and complementary capabilities. Force Fire is budgeted to generate revenue of $106m and EBIT of $8.3m in FY25, with EBIT forecast to grow to at least $10m in FY26. The transaction is expected to result in at least 18% EPS accretion on a FY25 pro forma basis, with the impact to SCEE anticipated to be broadly neutral in FY25 as Force Fire's contribution will be offset by transaction costs.

Forecasting EBIT contribution of at least $10m for FY26 and beyond

The acquisition represents a highly attractive platform for further geographic and capability expansion in the fragmented fire sector, with organic and acquisitive opportunities identified and to be capitalised on by combining the highly incentivised Force Fire management team with the greater breadth and scale of support provided by the wider SCEE group.