Daily Roundup

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Mayfield Expands Manufacturing with BE Switchcraft Acquisition

Mayfield Group Holdings Ltd has executed a conditional agreement to acquire 100% of BE Switchcraft Pty Ltd, a leading South Australian electrical switchboard manufacturer, for $7 million. This strategic move strengthens Mayfield's manufacturing capabilities and product offering, positioning the company to better serve customers across multiple sectors, including the growing demand for integrated electrical infrastructure in data centres and AI applications.

Articore Group Announces Board and Executive Renewal

As part of a planned renewal process, Articore Group Ltd has appointed Robin Mendelson as the new Chair of the Board and Vivek Kumar as the Group's new CEO, succeeding Martin Hosking. These changes are aligned with the company's strategy and market realities, aimed at ensuring Articore is best positioned to meet the challenges facing the business while optimizing success.

Soul Patts and Brickworks Agree to Transformative $14B Merger

Soul Patts and Brickworks have executed a binding agreement to merge, creating a newly capitalised ASX-listed company with an expected market capitalisation of $14 billion. The merger will remove the existing cross-shareholding between the two companies, simplifying the corporate structure, supporting additional shareholder liquidity, and significantly expanding the free float. The combined group will have a strong balance sheet to fund growth and new investment opportunities.

HITIQ Teams Up with SMJFL to Drive PROTEQT Adoption

HITIQ Ltd, a leader in concussion management technology, has announced a one-year partnership with the South Metro Junior Football League (SMJFL), naming HITIQ as the Official Concussion Technology Partner. This agreement, alongside the existing partnership with the Victorian Amateur Football Association (VAFA), accelerates HITIQ's consumer market push, establishing PROTEQT as a vital tool for junior athlete safety.