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AU$53.5M Acquisition: SCEE to acquire 100% of Force Fire Holdings, with an upfront payment of AU$36.3M and performance-based earnouts.
Strategic Expansion: Deal strengthens SCEE’s presence in the fire safety sector, leveraging complementary capabilities.
Financial Impact: Force Fire projected to generate AU$106M in revenue for FY25, with acquisition expected to boost SCEE’s earnings.
Southern Cross Electrical Engineering Limited (ASX:SXE) has signed a Share Purchase Agreement to acquire Force Fire Holdings Pty Ltd for a total consideration of up to AU$53.5 million. The deal includes an initial payment of AU$36.3 million, with additional earnouts tied to EBIT growth targets for FY26 and FY27. The transaction is expected to be finalized on April 1, 2025, and will be funded entirely through SCEE’s existing cash reserves.
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