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Why MCS Services Just Sold Highways Traffic Assets for $1.16 Million

2:32pm on Thursday 26th of February, 2026 AEDT Industrial Services
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Why MCS Services Just Sold Highways Traffic Assets for $1.16 Million

2:32pm on Thursday 26th of February, 2026 AEDT
Key Points
  • Revised Asset Purchase Agreement executed with Altus Traffic for $1.16 million
  • Sale includes vehicle fleet, intellectual property, and key contracts
  • Completion expected by early May 2026, subject to shareholder approval
  • Transaction follows termination of previous agreement and reflects strategic divestment
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