Decmil Group Limited (AU:DCG) has released an update.
Macmahon Holdings Limited is set to acquire Decmil Group Limited, with Decmil’s shareholders receiving significant premiums for their shares, marking a strategic move for Macmahon to diversify its earnings and enhance its civil infrastructure business. The acquisition will be funded through existing cash reserves and extended debt facilities, with no expected increase in net debt for FY25. Decmil is poised to operate as a wholly owned subsidiary under Macmahon, retaining its brand and current CEO, promising a more resilient and scalable business focused on infrastructure and renewable energy sectors.
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