Southern Cross Electrical Engineering Limited (ASX:SXE) Completes Acquisition of Force Fire Holdings
Completion of Acquisition
Southern Cross Electrical Engineering Limited (SCEE Group) has completed the acquisition of Force Fire Holdings Pty Ltd, a leading fire safety solutions provider in New South Wales and Queensland, effective 1 April 2025. The upfront cash consideration of $36.3 million has been paid to the vendors.
Strategic Alignment
The acquisition aligns with SCEE’s strategy to add adjacent and complementary capabilities, increasing exposure to services, maintenance works, and recurring revenues. Force Fire’s expertise in mechanical and electrical fire safety complements SCEE’s core electrical competence and its communications, security, and manufacturing capabilities.
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