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Symal Group Limited ( (AU:SYL) ) just unveiled an update.
Symal Group Limited has announced the acquisition of McFadyen Group, a Queensland-based water utilities contractor, for $11 million. This strategic move enhances Symal’s presence in the water infrastructure sector, providing access to new projects and clients in the utilities market. The acquisition is expected to be EPS accretive from the first year and will increase Symal’s FY26 Normalised EBITDA guidance by approximately $2 million. McFadyen’s integration will bolster Symal’s plant-hire operations and expand its technical capabilities, reinforcing its position in the utilities and infrastructure sector.
The most recent analyst rating on (AU:SYL) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Symal Group Limited stock, see the AU:SYL Stock Forecast page.
More about Symal Group Limited
Symal Group is a diversified services provider focused on resilient end markets, delivering contracting and specialised technical services across Australia’s most critical industries. Through an integrated model, Symal provides end-to-end solutions spanning infrastructure, power and renewables, utilities, data centres, defence, building and facilities. Founded in 2001, Symal is headquartered in Melbourne, Australia and is listed on the Australian Securities Exchange (ASX: SYL).
Average Trading Volume: 109,808
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$413.3M
For an in-depth examination of SYL stock, go to TipRanks’ Overview page.