Australia’s Maas Group Holdings (MGH) has agreed to sell its construction materials division to Heidelberg Materials Australia for up to A$1.7bn ($1.1.9bn).
The transaction includes a contingent cash consideration of A$120m, dependent on achieving specific operational and commercial milestones post-completion.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The divestment aligns with Maas Group’s strategy to focus on next-generation infrastructure, including digital and AI opportunities.
Maas Group plans to use the proceeds to enhance its capabilities in electrical infrastructure and fund management, as well as explore capital management initiatives such as share buybacks.
Approximately 1,140 employees are expected to transition to Heidelberg Materials Australia as part of the deal. Maas Group will collaborate with the buyer to ensure a smooth transition and maintain operational continuity.
The completion of the transaction is subject to customary conditions, including regulatory approvals from the ACCC and FIRB, and approval from Maas Group shareholders. The deal is anticipated to conclude in the second half of calendar year 2026.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMaas Group CEO and managing director Wes Maas said: “We are extremely proud of the construction materials business we have built over many years. The scale, quality and performance of construction materials are a testament to the hard work and commitment of our people, and it is reflected in the value being recognised by Heidelberg Materials.
“Heidelberg Materials is well-positioned to continue building on the construction materials business’ strengths, leveraging its global expertise and track record in delivering major infrastructure projects, while providing continuity for the business and its people.
“This transaction allows MGH to crystallise value from a high-quality asset while positioning the group toward the next phase of infrastructure investment, including digital infrastructure, electrification and AI-enabled assets.
“The sale enables a strategic refocus and disciplined redeployment of capital into areas where we see strong structural tailwinds.”
Maas Group has invested A$100m to acquire approximately a 1.7% stake in Firmus Grid, aligning with its strategy to focus on AI infrastructure.
Firmus Grid is a developer and operator of advanced AI infrastructure, specialising in platforms that support high-density AI workloads. The company is progressing with a phased rollout of AI infrastructure campuses to meet large-scale compute needs both in Australia and globally.
In December 2025, Maas Group’s JLE division secured a contract worth A$200m with Firmus to support the development of Project Southgate. This project is said to be a critical roadmap for sovereign AI infrastructure across Australia.
