Key points
- Macmahon to acquire 100% of Aspect Engineering Solutions
- Acquisition valued at A$75 million, expected to be EPS accretive
- Transaction to enhance Macmahon's engineering and minerals processing capabilities
Full summary
Macmahon Holdings Ltd has executed a Share Purchase Agreement to acquire 100% of Aspect Engineering Solutions Pty Ltd and its subsidiaries. The acquisition is expected to be EPS accretive from inception with an indicative EPS accretion of approximately 6.2%. The transaction is valued at A$75 million, representing approximately 5.0x FY26 EBIT. The acquisition will be funded with an upfront cash payment of A$30 million, A$30 million in retention-linked payments over five years, and potential contingent performance and outperformance payments up to A$30 million. The acquisition aims to expand Macmahon's engineering and minerals processing capabilities, providing clients with an integrated pathway from concept through to maintenance.
Outlook
The acquisition is expected to provide Macmahon with a scalable engineering and minerals processing growth platform, broadening its participation across the mining value chain.