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Tasmea Limited (ASX:TEA)

ALERT: Price-sensitive ASX Announcement for TEA
Current share price for TEA : $9.300 0.27 (2.99%)+
Announcement
Release
24 Jun 2026 8:51AM
Price at Release
$9.030
Full Release
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Summary
Tasmea Limited has announced a strategic acquisition of JPS Group, aimed at diversifying its earnings into Australia's growing LNG, gas, and critical energy infrastructure markets. This acquisition includes JPS Holdings Pty Ltd and its related entities, with a total transaction value of up to A$75 million. JPS Group, an integrated services provider in the energy sector, adds a Tier-1 client base and unique tech-enabled offerings to Tasmea's portfolio. The acquisition is expected to be immediately EPS accretive, with a forecast pro forma EPS accretion of approximately 5% for FY26. The transaction supports Tasmea's growth strategy and strengthens its position in the energy market, while maintaining owner-led management and leveraging existing long-term Master Services Agreements (MSAs) with major energy clients.
Key Points
  • Tasmea to acquire 100% of JPS Holdings Pty Ltd and related entities.
  • Total transaction value up to A$75 million.
  • Acquisition diversifies Tasmea's earnings into LNG, gas, and energy infrastructure.
  • JPS Group serves a Tier-1 energy client base.
  • Unique tech-enabled isolation offering included.
  • Transaction expected to be immediately EPS accretive.
  • Targeted settlement on or around 1 August 2026.
  • Owner-led leadership model retained.
  • Strategic growth in energy sector with international potential.
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.