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Tasmea Limited (ASX:TEA)

ALERT: Price-sensitive ASX Announcement for TEA
Current share price for TEA : $8.600 1.69 (24.46%)+
Announcement
Release
2 Jun 2026 8:29AM
Price at Release
$6.910
Full Release
download
Summary
Tasmea Limited has announced the acquisition of Maxim Group Australia Pty Ltd, aiming to leverage Maxim's expertise in data centers, infrastructure, and renewable energy sectors. The total consideration is up to A$254 million, comprising A$184 million upfront and up to A$70 million in earn-out payments contingent on achieving specific EBIT targets over FY27 to FY29. The acquisition is strategically positioned to diversify TEA's earnings and strengthen its presence in high-growth markets such as Victorian data centers, BESS, and major infrastructure projects. The transaction is expected to be immediately earnings-per-share accretive, with a forecast post-deal leverage of approximately 0.8x net debt to pro-forma EBITDA. Maxim’s leadership and workforce, including its specialist HV team, are set to remain with the business, ensuring continuity and alignment with TEA's growth objectives.
Key Points
  • Acquisition of Maxim Group Australia Pty Ltd by Tasmea Limited.
  • Total consideration up to A$254 million with A$184m upfront.
  • Earn-out payments up to A$70m based on EBIT targets.
  • Acquisition to diversify TEA's revenue into high-growth markets.
  • Immediate EPS accretive with 31% forecast increase.
  • Forecast post-deal leverage at ~0.8x net debt to pro-forma EBITDA.
  • Maxim's leadership and HV team to remain post-acquisition.
  • Maxim positioned within key growth markets: data centers, BESS, infrastructure.
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.