AI assistant
SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — M&A Activity 2020
Dec 16, 2020
65884_rns_2020-12-16_70b76e9f-9a95-4ac8-a473-bb0223a4ff12.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [178 x 85] intentionally omitted <==
Completion of Trivantage acquisition ASX & media announcement 17 December 2020 ASX code: SXE
• SCEE completes Trivantage acquisition
Southern Cross Electrical Engineering Limited (‘SCEE’) is pleased to advise that further to its ASX announcement of 18 November 2020 it has now completed the acquisition of Trivantage Holdings Pty Ltd (“Trivantage”), effective 16 December 2020.
Trivantage is a leading provider of specialised electrical services with over 50 years of operational experience across Australia and is primarily a services oriented business characterised by a strong degree of recurring and maintenance work. Trivantage operates through three specialist divisions - S.J. Electric (electrical services to commercial and retail markets), SEME Solutions (electronic security services) and Trivantage Manufacturing (switchboard design and manufacture).
SCEE is also pleased to confirm that Mr Paul Chisholm, significant shareholder and Chairman of Trivantage, has been appointed to SCEE’s Board. Mr Chisholm has over 40 years of experience in the electrical industry including 10 of which as a director of Trivantage. He was the founder of SCADA Group Pty Ltd which was a global company servicing the energy, mining, utility and defence sectors with automation and control products and services solutions. Mr Chisholm has also been the Chairman of a number of private companies and is an advisor for private equity funds.
SCEE’s Managing Director, Mr Graeme Dunn, said: “This acquisition presents an excellent strategic and cultural fit and will provide significant cross-selling opportunities across our respective client bases. I would like to welcome Paul and the Trivantage team to the SCEE Group and I look forward to working together for the continued growth of the combined organisation”.
Authorised for release by Graeme Dunn – SCEE Managing Director
Contact
SCEE Perth Office 41 Macedonia Street Naval Base WA 6165 T: +61 8 9236 8300
Graeme Dunn Managing Director and CEO E: [email protected]
Colin Harper Company Secretary E: [email protected]
Southern Cross Electrical Engineering Limited
ABN 92 009 307 046