Brief: Symal Acquires 80% Of Davison Earthmovers

Symal

19/12/2025 01:08

Dec 19 (Reuters) - Symal Group Ltd SYL.AX:

SYMAL ACQUIRES LEADING SOUTH AUSTRALIAN CIVIL CONTRACTOR

TO BUY 80% OF DAVISON EARTHMOVERS

ACQUISITION PRICE SET AT A$23.2 MILLION

ACQUISITION EXPECTED TO BE EPS ACCRETIVE FROM 1ST YEAR OF OWNERSHIP, WITH FORECAST ANNUALISED UNDERLYING EBITDA A$7 MILLION IN FY26

Further company coverage: SYL.AX

 ((Reuters.Briefs@thomsonreuters.com;))