Mayfield Completes Nilsen Switchboards Acquisition, Eyes 35% Revenue Growth
Mayfield Group Holdings has finalized its acquisition of Nilsen's Switchboards Division, adding skilled staff and new product lines to boost manufacturing capacity and revenue growth prospects for FY27.
- Acquisition adds 63 employees and N-Series IP
- Expected $10-15 million revenue increase in FY27
- Third strategic acquisition in 12 months
- Integration through October 2026 at Royal Park facility
- FY27 revenue growth forecast at 30-35%
Strategic Acquisition Boosts Manufacturing Muscle
Mayfield Group Holdings (ASX:MYG) has completed the acquisition of the Switchboards Division of Nilsen (SA) Pty Ltd as of 31 July 2026, marking its third strategic purchase in the past year. The $4 million deal brings 63 employees and the N-Series product platform into Mayfield’s Royal Park facility, expanding its skilled workforce and manufacturing capabilities.
The acquisition includes $3.9 million in new Work-In-Hand and is projected to add between $10 million and $15 million in revenue for FY27. This complements Mayfield’s existing operations and is expected to accelerate utilisation at Royal Park, underpinning the company’s push into key growth markets such as data centres.
Integration Focused on Continuity and Growth
Mayfield is executing a phased integration plan through to 31 October 2026. This involves the progressive transfer of assets and personnel, while maintaining support for Nilsen’s existing customer contracts. Immediate priorities include merging N-Series design and estimating services into Mayfield’s systems and engaging customers to ensure tender continuity and new opportunity pursuit.
CEO Andrew Rowe emphasised the strategic value of the acquisition, highlighting the addition of intellectual property, engineering expertise, and customer relationships. He noted the deal positions Mayfield to chase larger and more diverse switchboard projects nationally, reinforcing its broader growth strategy focused on capability expansion and shareholder value creation.
Revenue Growth and Market Positioning
Alongside full-year contributions from prior acquisitions BE Switchcraft and SMEC, Mayfield forecasts a 30-35% revenue increase in FY27. The company’s electrical infrastructure offerings now span modular manufacturing, commercial solutions, mining infrastructure, and critical power equipment, with operations across Adelaide, Perth, and Kalgoorlie.
Funded from existing cash reserves, the acquisition aligns with Mayfield’s approach of targeted investments to build a robust platform for organic growth. The Royal Park facility, already bolstered by a recent $8.4 million property purchase, is set to become a central hub for Mayfield’s expanding switchboard and electrical infrastructure business.
Bottom Line?
Mayfield’s acquisition of Nilsen’s Switchboards Division strengthens its manufacturing base and revenue outlook, but successful integration and market execution will be crucial to sustaining the projected growth.
Questions in the middle?
- How smoothly will Mayfield integrate Nilsen’s workforce and operations by October 2026?
- Will the N-Series product platform deliver the anticipated revenue uplift amid competitive pressures?
- What further acquisitions might Mayfield pursue to maintain its growth trajectory beyond FY27?
