Maas Group to Sell Building Materials Division for A$1.7 Billion, Shifts Focus to AI Infrastructure
DATA AND AI INFRASTRUCTURE
Maas Group announced the sale of its building materials division for up to A$1.7 billion to Heidelberg Materials' local arm. The company will also invest A$100 million in AI infrastructure firm Firmus Group.
This strategic pivot follows a successful contract with Firmus Technologies and marks a shift from traditional construction to data center projects, impacting about 1,140 employees. Following the announcement, Maas Group shares dropped 26.1%, the largest one-day decline in history.
Feb 6, 2026, 6:03 AM
