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Monadelphous Group Limited (ASX:MND)

ALERT: Price-sensitive ASX Announcement for MND
Current share price for MND : $29.870 7.34 (32.58%)+
Announcement
Release
30 Oct 2025 8:12AM
Price at Release
$22.530
Full Release
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Summary
Monadelphous Group Limited announced an agreement to acquire Kerman Contracting, a Western Australian business specialized in the design and construction of non-process infrastructure and materials handling facilities. The acquisition aligns with Monadelphous’ growth strategy by enhancing its capability to deliver large-scale infrastructure projects and expanding its services in various sectors. The transaction includes a $15 million share issue and a cash payment for Kerman's net cash, expected to complete by the end of 2025.
Key Points
  • Monadelphous Group Limited enters agreement to acquire Kerman Contracting.
  • Kerman specializes in non-process infrastructure and materials handling facilities.
  • The acquisition supports Monadelphous’ growth strategy.
  • Purchase includes $15 million in shares and cash equivalent to net cash of Kerman.
  • Transaction expected to be completed by end of 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.