MYG.ASX: Acquisition of Nilsen Switchboards Division

Acquisition of Nilsen Switchboards Division

Stock	Mayfield Group Holdings Ltd (MYG.ASX)
Release Time	13 Jul 2026, 1:26 p.m.
Price Sensitive	Yes

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Mayfield Group Acquires Nilsen Switchboards Division

Key Points

Acquisition of Nilsen Switchboards Division for $4M
Transfer of 66 employees expected, enhancing workforce
Expected to generate $10-15M revenue in FY27

Full Summary

Mayfield Group Holdings Limited (ASX: MYG) has announced the acquisition of the Switchboards Division of Nilsen (SA) Pty Ltd for $4.0 million in cash. The acquisition includes the N-Series product platform, associated intellectual property, and the expected transfer of approximately 66 employees. This strategic move is expected to accelerate the utilization of Mayfield's Royal Park manufacturing facility and expand its manufacturing capability. The acquisition is expected to provide a revenue base of $10-15M in FY27 and includes $3.9M of new Work-In-Hand. Completion is forecast for 31 July 2026, with a staged transfer of employees and assets through to 31 October 2026.

Guidance

Expected revenue base of $10-15M in FY27

Outlook

The acquisition is expected to accelerate utilization of the Royal Park facility and expand Mayfield's manufacturing capability.