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Symal Group Limited proposes to acquire 80% of the entity that will own the business, assets and related entities of Davison Earthmovers, a South Australian civil contractor. The acquisition was approved by the ACCC on 24 February 2026.
Symal Group Limited agreed to acquire an 80% stake in Davison Earthmovers for AUD 23.2 million in cash. Founder Paul Davison will retain a 20% stake and continue in the business.