ASX:MYG

Mayfield Group Completes Acquisition of Switchboards Division of Nilsen

Mayfield Group Holdings (ASX:MYG) completed the acquisition of the switchboards division of Nilsen (SA), including the N-Series product line and all associated intellectual property, for AU$4 million in cash, effective July 31, according to a Monday Australian bourse filing.Integration planning is underway, and the assets and employees of the switchboards division will transition to operate from Mayfield's Royal Park facility in Adelaide, South Australia, on a staged basis through to Oct. 31.Mayfield's shares were up 1% in recent trading on Monday.

Mayfield Group Holdings to Acquire Nilsen's Switchboards Division for AU$4 Million; Shares Decline 3%

Mayfield Group Holdings (ASX:MYG) entered into a binding asset sale agreement to acquire the switchboards division of Nilsen (SA), including the N-Series product line and all associated intellectual property, for AU$4 million in cash, according to a Monday Australian bourse filing.Around 66 employees are expected to transfer to Mayfield as part of the transaction, per the filing. The transaction also includes AU$3.9 million of customer contracts and project opportunities.Completion of the deal is subject to the satisfaction or waiver of customary conditions precedent, including employee transfer thresholds. The deal is expected to be completed on or before July 31.Mayfield's shares fell 3% in recent trading on Monday.

Mayfield Group Shareholder Sells 10 Million Shares

Mayfield Group's (ASX:MYG) largest shareholder, Nightingale Partners, sold 10 million shares in the company, according to a Friday filing with the Australian bourse.Nightingale Partners now owns 30.8 million shares in the company, representing around a 26.5% stake, the filing said.

Mayfield Group Holdings's Consolidated Work in Hand Grows to AU$151 Million, Shares Jump 10%

Mayfield Group Holdings (ASX:MYG) said its consolidated work in hand came in at around AU$151 million as of Wednesday, up nearly 12% from AU$135 million as of March, according to a Wednesday Australian bourse filing.It secured AU$31 million in new orders since March, across data centers, renewable energy, infrastructure, power generation, mining, and international markets. Its largest single contract is AU$15.7 million for switchboards to a major data center.In terms of new orders, Mayfield Industries secured AU$23.2 million, BE Switchcraft AU$3.3 million, SMEC Power & Technology AU$3 million, and ATI AU$600,000.Its shares jumped 10% in recent trading on Thursday.

Moelis & Company Starts Mayfield Group at Buy with AU$2.65

Mayfield Group Holdings Says Consolidated Work-In-Hand Reaches AU$135 Million

Mayfield Group Holdings (ASX:MYG) said its consolidated work-in-hand was around AU$135 million as of Tuesday, up 18.5% from AU$114 million on Dec. 31, 2025, according to a same-day Australian bourse filing.Its largest recent individual order was worth AU$10 million for a major renewable energy zone development. Recent significant orders total over AU$21 million across multiple sectors, including data centers, renewable energy, infrastructure, power generation, and mining.