InvestSMART

SHAPE Australia Corporation Limited (ASX:SHA)

ALERT: Price-sensitive ASX Announcement for SHA
Current share price for SHA : $6.980 -0.11 (-1.55%)+
Announcement
Release
28 May 2026 8:24AM
Price at Release
$7.090
Full Release
download
Summary
SHAPE Australia Corporation Limited (ASX: SHA) announced the acquisition of Australian Professional Shopfitters Pty Ltd (APS) to expand its retail fitout capabilities. APS, a vertically integrated business with 28 years of experience, operates in a substantial manufacturing facility in Melbourne, which provides SHAPE with enhanced capabilities in shopfitting solutions. The acquisition, valued at $20.4 million upfront with an additional contingent consideration of up to $9 million, aligns with SHAPE's strategy to diversify its services and increase its presence in the repeatable, program-based retail market. The transaction is expected to be accretive to SHAPE’s earnings, contributing to substantial EPS growth in the first year and enhancing SHAPE's margin profile, while leveraging growth through APS's established customer relationships and operational efficiencies.
Key Points
  • SHAPE acquires Australian Professional Shopfitters (APS) for $20.4 million upfront.
  • An additional contingent consideration of up to $9 million is agreed over two years.
  • APS operates a 5,000 square metre manufacturing facility in Melbourne.
  • The acquisition is expected to be earnings accretive with a 5-7% EPS increase in the first year.
  • APS has a track record with leading retail brands and offers end-to-end shopfitting solutions.
  • The acquisition supports SHAPE's strategy to diversify and expand in the retail sector.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.