• $8.4M strategic acquisition of 10,410m² industrial property adjacent to BE Switchcraft
• $240,000 annual savings through lease termination and avoided equipment duplication
• Acquisition preserves $16.3M cash reserves for strategic opportunities

Mayfield Group Holdings Limited (ASX: MYG) ('Mayfield') announces the $8.4 million acquisition of 1180 Old Port Road, Royal Park - a 10,410m² industrial property immediately adjacent to BE Switchcraft's existing operations. The acquisition will deliver immediate operational benefits through adjacency synergies, including shared overhead crane access, consolidated inventory, and reduced logistics costs. It will also accommodate BE Switchcraft's electrical fit-out capacity expansion, relocated fabrication equipment, and enhanced production across industrial, motor control centre, and commercial segments. For Mayfield Industries, the acquisition will enable the relocation of corporate personnel, freeing up Edinburgh workshop space, while the rear factory will accommodate major projects currently requiring external leasing, undercover defence work storage, and GEIS switchboard testing facilities. The debt-funded acquisition preserves $16.3 million in cash reserves for strategic opportunities while adding an appreciating owned asset to the balance sheet. The timing of the acquisition aligns with significant momentum across Mayfield's core markets, with the Group securing approximately $30 million in recent contract awards and work-in-hand spanning major data centre infrastructure, mining operations, water security projects, and defence installations. The property's flexible configuration will directly support the delivery of these secured projects while positioning the Group to capitalize on continued strong demand across Australia's critical infrastructure sectors.

The acquisition positions Mayfield to convert its substantial $30 million pipeline into revenue growth, while preserving equity for strategic opportunities ahead. The flexible configuration of the acquired property will directly support the delivery of Mayfield's secured projects and enable the Group to capitalize on continued strong demand across Australia's critical infrastructure sectors, including data centres, renewable energy, and defence.