BRIEF-Symal Acquires 80% Of Davison Earthmovers

Reuters

12/19

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;))

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