Macmahon Holdings Ltd, an Australian surface and underground mining, civil construction and resources engineering specialist contractor, has completed its acquisition of specialist construction and engineering solutions provider Decmil Group Ltd.

Macmahon will operate Decmil as a wholly owned subsidiary and intends to maintain the existing Decmil branding, with the Macmahon civil business to integrate into the subsidiary. Decmil will continue to be led by its current CEO, Rod Heale. 

Micheal Finnegan, managing director and CEO of Macmahon said: "The acquisition of Decmil is aligned with Macmahon's strategic focus to diversify earnings, reduce capital intensity and improve return on average capital employed. 

An established, scalable foundation to accelerate Macmahon's growth in civil infrastructure

"Decmil provides an established, scalable foundation to accelerate Macmahon's growth in civil infrastructure, with exposure to a favourable contracting outlook across renewables, government infrastructure and resource infrastructure development. 

"I look forward to working with the Decmil team members who are joining Macmahon, and the success the combined group can deliver to our shareholders."