MHM Automation reports record results, acquires Wyma Engineering

MHM Automation has released its audited full year results for the year ending June 30, 2023.

The company experienced record results, with a 43% increase in revenue to $96.7 million and a 107% increase in EBITDA to $9.9 million.

The acquisition of Wyma Engineering was completed during this period, providing the company with further scale and diversification.

The company achieved a strong health and safety record, with no lost time injuries in the past 12 months.

Automation revenue also grew by 50% to $70.6 million.

The company expects continued growth in the 2023 calendar year, with a strong pipeline of forward sales totaling $63 million.

The integration process for Wyma into the MHM group has begun.