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SCEE Acquires MDE Group to Expand Services
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SCEE Acquires MDE Group to Expand Services

Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.

Southern Cross Electrical Engineering Limited (SCEE) has strategically bolstered its service offerings by acquiring MDE Group, a Sydney-based specialist in electrical and communications, for an enterprise value up to $10.55 million. The acquisition is set to deliver significant operational synergies, especially with ongoing projects like the Western Sydney International Airport, and is expected to contribute at least $5 million in EBIT from FY25 onwards. This move not only enhances SCEE’s east coast presence but also positions the company to capitalize on the booming data centre market.

For further insights into AU:SXE stock, check out TipRanks’ Stock Analysis page.

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