SURFACE

Macmahon to acquire TMM Group

Macmahon Holdings has signed an agreement to purchase TMM Group

Staff reporter
TMM Group's previous projects include civil construction services for Cockatoo Coal's Baralaba open cut coal mine

TMM Group's previous projects include civil construction services for Cockatoo Coal's Baralaba open cut coal mine

PRESS RELEASE: Macmahon stated that the acquisition of TMM will provide it with additional civil capability that is expected to be an enabler to core mining work through contracts for initial site earthworks and construction services, as well as the ability to target site rehabilitation projects.

TMM’s current revenue is in the order of A$60 million (US$47 million) per annum, but Macmahon will seek to rapidly grow the business by pursuing opportunities across Australia. The acquisition is not expected to have a material impact on Macmahon’s results for the 2018 financial year.

The purchase agreement is subject to a standard range of conditions precent which are expected to be satisfied in the near future. The vendors of TMM Group will remain involved with the business for at least three years from completion of the transaction.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions