Acquisition of Entire

• Acquisition of Entire Operations Pty Ltd for up to $112.1m
• Transaction expected to close on 1 November 2026
• Anticipates Entire EBIT of at least $17m per annum with future growth

Southern Cross Electrical Engineering Limited (SCEE) has announced the acquisition of Entire Operations Pty Ltd, a prominent provider of fire protection and HVAC services, for a total consideration of up to $112.1 million. This acquisition is expected to close on or about November 1, 2026, and is subject to customary conditions. Entire, established in 1985 and headquartered in Melbourne, offers comprehensive services including engineering, design, fabrication, construction, commissioning, and maintenance, primarily in Victoria with a growing presence in Queensland. The acquisition aligns with SCEE's strategy to expand its capabilities and geographic footprint, particularly in critical services and recurring revenues. The transaction is expected to be funded through SCEE's existing cash reserves and is anticipated to contribute positively to SCEE's financial performance.

SCEE's FY27 EBITDA guidance increased to at least $110m including Entire's forecast FY27 EBITDA contribution of $10m

The acquisition is expected to result in at least 18% EPS accretion on a FY27F pro forma basis. Further growth beyond FY27 is expected in SCEE and Entire.