- The transaction is valued at AUD1.7 billion on a cash and debt-free basis.
- The purchase price implies an EBITDA multiple of 8.4× after synergies.
- The deal includes 40 quarries, 22 concrete plants, and 2 asphalt operations.
- Completion is expected in the second half of 2026, pending regulatory approvals.
Acquisition Overview
Heidelberg Materials Australia has agreed to acquire the construction materials business of Maas Group Holdings, a diversified industrial group listed on the Australian Securities Exchange. The acquisition aims to enhance Heidelberg's footprint in Eastern Australia by expanding its product offerings.
Transaction Details
The transaction includes 40 quarries with combined reserves of over 350 million tonnes, 22 ready-mixed concrete plants, two asphalt operations, and a recycling site. The total enterprise value of the deal is AUD1.7 billion on a cash and debt-free basis, with an EBITDA multiple of 8.4× after synergies.
Regulatory Approvals
The transaction is subject to regulatory approvals from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, along with Maas Group's shareholder approval. Completion is expected in the second half of 2026, pending these approvals.
