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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — M&A Activity 2017
Mar 8, 2017
65884_rns_2017-03-08_8bb1d221-906a-4ab5-943a-d2fedd1c23bc.pdf
M&A Activity
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9 March 2017
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SCEE completes Heyday5 acquisition
ASX & media announcement ASX code: SXE
Southern Cross Electrical Engineering (‘SCEE’) is pleased to advise that further to the ASX announcement of 28 February 2017 it has today completed the acquisition of Heyday5 Pty Ltd (‘Heyday5’).
Heyday5 is a leading Sydney-based specialist electrical contractor. It has a strong position in the east coast commercial and infrastructure markets, supported by relationships with Tier 1 construction companies and property groups.
The acquisition is a key milestone in SCEE’s strategy to diversify into adjacent and complementary sectors and geographies.
SCEE is also pleased to confirm that, pursuant to the terms of the acquisition agreement, David Hammond, Executive Director and one of the five vending shareholders of Heyday5, has today been appointed to SCEE’s Board as an Executive Director.
Mr Hammond has more than 35 years’ electrical contracting experience and has been involved in the Heyday5 business for over 20 years. During his tenure, Mr Hammond has held various positions up to and including his current role of Executive Director where his responsibilities include driving business development.
Contact
SCEE Perth Office 41 Macedonia Street Naval Base WA 6165 T: +61 8 9236 8300
Graeme Dunn CEO & Managing Director E: [email protected]
Colin Harper Company Secretary E: [email protected]
Southern Cross Electrical Engineering Limited
ABN 92 009 307 046