Mining services supplier Macmahon Holdings Ltd., headquartered in Perth, Western Australia, signed an agreement to purchase TMM Group, which provides civil construction and operations and maintenance services to the Queensland coal mining industry. Payments will be made in cash and stock. Macmahon reported the acquisition will provide it with additional civil capability. The vendors of TMM Group will remain involved with it for at least three years from completion of the transaction. The acquisition is not expected to have a material impact on Macmahon’s results for FY18.
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