
GBF Group
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GBF Group Patents
GBF Group has filed 2 patents.

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
9/28/2016 | 5/29/2018 | Garage door openers, Sensors, Home automation, Garages (residential), Garage door opener manufacturers | Grant |
Application Date | 9/28/2016 |
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Grant Date | 5/29/2018 |
Title | |
Related Topics | Garage door openers, Sensors, Home automation, Garages (residential), Garage door opener manufacturers |
Status | Grant |
Latest GBF Group News
Jun 18, 2019
Derek Rose, Australian Associated Press June 18, 2019 1:25am Mining services firm Macmahon has purchased WA underground mining contractor GBF Group for an up-front component of $48 million in cash and assumed debt. Macmahon chief executive Michael Finnegan said his firm had a strong surface mining division and the acquisition would help it scale its underground contracting business, helping clients who just want to deal with one contractor for the life of a mine. "There are also potential synergies to be realised as the two businesses are combined, but growth is the key driver of the transaction," Mr Finnegan said. GBF founders Michael Foulds and Ross Graham will continue in the business with the possibility to receive earn-out performance payments. The pair founded the company in 1988 to service the WA goldfields. GBF employs 450 people and its brand and key personnel will be retained, Macmahon said. This financial year GBF is forecast to generate $180 million in revenue and $20 million in earnings before interest, tax, depreciation and amortisation. The acquisition is expected to be earnings per share accretitive immediately, Macmahon said. At 1100 AEST, Macmahon shares were unchanged at 19.5 cents.
GBF Group Frequently Asked Questions (FAQ)
When was GBF Group founded?
GBF Group was founded in 1988.
Where is GBF Group's headquarters?
GBF Group's headquarters is located at Level 1, 460 Roberts Road, Subiaco.
What is GBF Group's latest funding round?
GBF Group's latest funding round is Acquired.
Who are the investors of GBF Group?
Investors of GBF Group include Macmahon Holdings.
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