Latest Electrical Solutions News

SKS Technologies Group has reported a robust half-year performance, driven by a landmark $130 million data centre contract and a strategic acquisition, positioning it strongly for FY26 growth.

SKS Technologies Group has upgraded its FY26 earnings forecast following $60 million in new contract awards, including major projects for NEXTDC and Ernst & Young. The company anticipates stronger revenue and profit margins driven by robust demand in data centre infrastructure.

Mayfield Group Holdings has forecast a significant jump in net profit after tax for the half year ending December 2025, signalling strong momentum in Australia's critical electrical infrastructure sector.

Mayfield Group Holdings has acquired a strategic industrial property adjacent to its BE Switchcraft operations, enabling operational synergies and capacity expansion to support a $30 million contract pipeline.

SKS Technologies has completed the acquisition of Delta Elcom, a Sydney-based data centre infrastructure specialist, in a $12.5 million deal combining cash and shares. This move aims to strengthen SKS’s foothold in the NSW data centre market and expand its electrical and communications services.

IPD Group Limited has agreed to acquire Platinum Cables Pty Ltd for $37.5 million upfront, enhancing its position in the mining sector and delivering an 11.5% accretion to FY25 earnings per share.

Maas Group's JLE subsidiary has landed a $200 million deal to deliver modular electrical infrastructure for a 100MW AI factory cluster in Tasmania, marking a major step into the AI infrastructure sector.

SKS Technologies announces plans to acquire Sydney-based Delta Elcom, aiming to strengthen its foothold in Australia's largest data centre market. The deal, valued up to $15 million, combines complementary expertise to accelerate growth in New South Wales.

SKS Technologies has reported a remarkable near doubling of revenue to $261.7 million in FY25, driven by strong growth in data centre projects and traditional markets. The company’s robust order book and expanded bank facilities position it well for continued growth in FY26.

KALiNA Power has advanced its Canadian AI data centre power portfolio with strategic site sales, partnerships, and a $1.5 million capital raise to fund development milestones.