Monadelphous Expands with Acquisition of High Voltage Services Business

Highlights

• Monadelphous to acquire High Energy Service, a high voltage services business based in Perth.

• The acquisition is valued with completion expected by mid-2025.

• High Energy Service specializes in high voltage electrical maintenance and engineering for major resources companies.

Monadelphous (ASX:MND) is a well-established Australian engineering company that operates within the construction, maintenance, and industrial services sectors. Primarily focused on the resources, energy, and infrastructure industries, Monadelphous delivers key services in the development and upkeep of major projects across Australia. Its recent move to acquire High Energy Service further supports its strategic objectives in the energy sector, particularly in the transition towards more sustainable energy solutions.

Details of the Acquisition
Monadelphous has entered into an agreement to acquire High Energy Service, a Perth-based company that generates significant revenue from its operations. The deal is subject to customary conditions and is expected to close by mid-2025. This acquisition marks a significant step for Monadelphous as it seeks to expand its services within the high voltage electrical sector, particularly focusing on areas critical to the energy transition.

About High Energy Service
High Energy Service specializes in high voltage electrical maintenance, testing, projects, and commissioning. The company has built a solid reputation for delivering these services to some of the largest resources companies in Western Australia, particularly those in the iron ore sector. With a workforce of around 100 employees, High Energy Service has positioned itself as a trusted partner for the ongoing development and maintenance of critical electricity generation, storage, and infrastructure in the region.

Strategic Alignment with Monadelphous' Growth Plans
Monadelphous has highlighted that the acquisition is in line with its broader strategy to expand its service offerings and capabilities. By bringing High Energy Service under its umbrella, the company aims to strengthen its presence in the energy sector, which is undergoing significant changes as Australia transitions to more sustainable energy solutions. This move is expected to enhance Monadelphous' ability to support the growing demand for energy infrastructure maintenance, especially in areas that require specialized high voltage expertise.

Company Overview: Monadelphous
Headquartered in Perth, Western Australia, Monadelphous has a long history of providing essential services to the resources, energy, and infrastructure sectors. With a market capitalization, the company continues to evolve in response to market demands, expanding its capabilities to address the needs of its clients. Monadelphous remains a significant player in the Australian engineering services sector, offering a range of solutions from construction to ongoing maintenance.

High Voltage Services in Australia’s Energy Transition
The growing demand for reliable energy infrastructure and the shift toward renewable energy sources in Australia are driving companies like Monadelphous to expand their offerings. High voltage services, which play a key role in the maintenance and development of electricity generation and storage systems, are increasingly critical to supporting the country’s energy transition. Monadelphous' acquisition of High Energy Service aligns with this demand, positioning the company to provide essential services in the evolving energy landscape.

Monadelphous’ Commitment to Expanding Service Offerings
By acquiring High Energy Service, Monadelphous demonstrates its ongoing commitment to diversifying and strengthening its service portfolio. The addition of specialized high voltage electrical services allows Monadelphous to further solidify its position in the energy sector, particularly as the country adapts to the challenges and demands of renewable energy projects.