An update from Acrow Formwork and Construction Services Limited ( (AU:ACF) ) is now available.
Acrow Limited has announced the acquisition of Brand Australia and Above Scaffolding to enhance its Industrial Access division. These acquisitions are expected to contribute significantly to Acrow’s revenue and EBITDA by FY26, with a combined expected revenue of around $40 million. The acquisitions align with Acrow’s growth strategy, providing access to new blue-chip customers and expanding its geographic presence in New South Wales. The acquisitions are expected to be immediately earnings accretive and will be funded through an expanded Westpac debt facility. The strategic move is anticipated to deliver substantial revenue uplift and cost reduction synergies, strengthening Acrow’s market position.
More about Acrow Formwork and Construction Services Limited
Acrow Formwork and Construction Services Limited operates in the industrial services sector, specializing in scaffolding, industrial access solutions, and ancillary services such as insulation and coatings. The company focuses on expanding its presence in the New South Wales region, particularly in the industrial, infrastructure, and commercial markets.
YTD Price Performance: -7.03%
Average Trading Volume: 1,000
Technical Sentiment Signal: Sell
Current Market Cap: €186.3M
For a thorough assessment of ACF stock, go to TipRanks’ Stock Analysis page.