METS

Macmahon bulks up services

MACMAHON Holdings says its acquisition of Western Australian-based mobile equipment maintenance provider Allplant will provide extra penetration into the growing civil construction and mining services industries.

Emily Roberts

The buy-out was EPS (earnings per share) positive and met the contractor’s first-year return on capital hurdle of 15%, Macmahon chief executive office Nick Bowen said. Under the $1 million deal, Macmahon...

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