Australia's Macmahon Holdings advances on buying engineering business

Macmahon Holdings

18/09/2026 01:25

** Shares of Macmahon Holdings MAH.AX rise as much as 6.6% to A$1.055 in early trade, their highest since August 27
** Stock logs largest intraday pct jump since late August
** Mining services provider to acquire Aspect Engineering Solutions for headline enterprise value A$75 million
** Says Aspect is an engineering and project delivery business that is highly complementary to Macmahon's existing operations
** Adds Aspect provides a scalable engineering and minerals processing growth platform, broadening co's participation across the mining value chain
** Stock up 57.1% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))