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Heidelberg Materials Australia has entered into a binding agreement to acquire the construction materials division of Maas Group Holdings for an enterprise value of AUD 1.7 billion. The deal includes 40 quarries, 22 concrete plants, two asphalt operations, and a recycling site.
Jacon Equipment, a subsidiary of MAAS Group, has opened a new 21,000 sq.m design and manufacturing facility in Ho Chi Minh City, Vietnam, to support underground mining and tunnelling equipment production.