Symal Group Limited · ASX:SYL
Symal — Merger or Acquisition (December 2025)
7 slides from Symal's merger presentation, Dec 19, 2025
Slide 1: Acquisition of Davison Earthmovers
Acquisition of Davison Earthmovers 19 December 2025
Slide 2: Establishing a platform for expansion in South Australia
Establishing a platform for expansion in South Australia. Symal Group Limited Davison Earthmovers acquisition 2
Slide 3: Transaction overview
Transaction overview Symal Group to acquire 80% of the shares of Davison Earthmovers Overview → Upfront: $23.2 million at completion → Founder to retain 20% ownership stake → Symal retains a call option, and the Vendor retains a put option, for Symal to acquire the remaining 20% ownership at 3-4x EB
Slide 4: Business overview
Business overview A South Australian owned and operated civil construction business established in 1986 that provides earthmoving and civil works services across commercial, industrial, government and public sectors, with a significant customer base across Tier 1 and Tier 2 construction firms. Capab
Slide 5: Strategic rationale
Strategic rationale Established platform in Earnings South Australia accretive Provides Symal with immediate access to the Symal gains ~$7 million annualised, normalised region’s expanding infrastructure, renewables EBITDA in FY26 with normalised EPS accretion and defence pipeline. expected in the f
Slide 6: Geographic coverage
Geographic coverage Committed State funding The State Government has committed a record $27.3 billion in public sector infrastructure spending over the four years to 2028/29.1 Defence pipeline South Australia has more than $3.2 billion of defence spending planned over the coming decade2, excluding t
Slide 7: symal.com.au
Building. Better. symalcomay Together.