2300 GMT - Ord Minnett looks back to assess how Duratec could benefit from its latest acquisition. Duratec has agreed to buy EIG Australia for A$9 million in a cash-and-stock deal. Analyst John Lawlor says the transaction is small, but of strategic significance given EIG's expertise in electrical infrastructure. That opens up opportunities for Duratec in the defence and mining and industrial sectors. Ord Minnett draws parallels with Duratec's acquisition of WPF in October 2022. "Under Duratec ownership WPF has rapidly expanded revenues, achieved 30% gross margins and currently has an 'exceptionally positive' outlook," the bank says. Ord Minnett retains an accumulate call on Duratec and lifts its price target by 13% to A$1.80/share. Duratec ended last week at A$1.485. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 03, 2025 19:00 ET (23:00 GMT)
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