Maas Group's Investment in Firmus Technologies Following Division Sale to Heidelberg
Australian Financial Review
ENRICHED
Details
- Date Published
- 5 Feb 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 5 Feb 2026, 08:00 am
Description
ASX-listed company Maas Group has sold its building materials division and taken a $100 million stake in Oliver Curtis’ artificial intelligence factory start-up.
Summary
Maas Group has strategically pivoted from construction materials to artificial intelligence by investing $100 million in Firmus Technologies, a start-up focused on AI infrastructure. This move comes after selling its building materials division for $1.7 billion, signaling a shift towards leveraging AI in data center construction. While the article highlights the growing intersection between traditional sectors and AI, it does not delve deeply into risks related to AI development or governance. Instead, the focus is on business strategy and market adaptation in response to AI opportunities, which has implications for industry trends rather than existential AI risks.
Body
CompaniesInfrastructureMergers & acquisitionsPrint articleSimon EvansSenior reporterUpdated Feb 5, 2026 – 12.40pm, first published at 10.59amMaas Group will sell its building materials division for $1.7 billion as the ASX-listed construction business pivots toward the artificial intelligence infrastructure boom with a $100 million stake in AI factory start-up Firmus Technologies.Maas Group was founded by former NRL player Wes Maas in Dubbo two decades ago and has grown to become 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 centre construction.Loading...Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreMergers & acquisitionsWes MaasNvidiaRyan StokesData centresAIASX LimitedSharesGoodman GroupBoralAmazonGoogleMicrosoftAmazon effectOpenAIAnthropicFetching latest articles