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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
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Summary
Tasmea Limited has announced its acquisition of Maxim Group, a leading specialist electrical contractor in Australia, for up to A$254 million. The acquisition, which includes both cash and scrip payments, positions Tasmea as a significant player in the high-growth sectors of Data Centres, Infrastructure, BESS, and Renewables. The transaction is expected to be immediately EPS accretive, with a forecast 31% increase in EPS for FY26, and is set to complete on or around 1 July 2026, pending regulatory approval. Maxim's management team will remain with the company, and the acquisition will be funded through Tasmea’s existing cash reserves and debt facilities.
Key Points
  • Tasmea Limited to acquire 100% of Maxim Group for up to A$254 million.
  • The acquisition includes A$112 million in cash and A$72 million in new Tasmea shares.
  • An additional earn-out of up to A$70 million is contingent on performance targets.
  • The deal is forecast to provide a 31% EPS accretion in FY26.
  • Maxim Group specializes in Data Centres, Infrastructure, BESS, and Renewables.
  • Completion is targeted for 1 July 2026, subject to ACCC approval.
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.