By Simon Evans
Publication Date: 2026-02-04 23:59:00
Maas Group will sell its building materials division for $1.7 billion as the ASX-listed construction company focuses on the artificial intelligence infrastructure boom with a $100 million stake in AI factory start-up Firmus Technologies.
The Maas Group was founded in Dubbo two decades ago by former National Rugby League player Wes Maas and grew into a $2 billion company, listing on the ASX in 2020. He said Thursday’s deal marked a shift into the high-growth area of data center construction.
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