Tasmea to acquire JPS Group in $75M deal
Share
- Tasmea has agreed to acquire 100% of JPS Holdings and its related entities for up to $75 million.
- The transaction is forecast by the company to deliver approximately 5% pro forma earnings per share accretion in financial year 2026.
- The acquisition aims to diversify the company's earnings across growing liquefied natural gas, gas, and energy infrastructure markets.
Tasmea (ASX:TEA) executed an agreement to acquire JPS Group for up to $75 million.
This transaction coincides with the company reconfirming its financial year 2026 earnings guidance.
The upfront consideration consists of $24.5 million in cash and 3,011,750 new shares valued at $8.50 each.
Cash earn-out payments of up to $25 million are subject to performance milestones through the financial year 2030.
Following the announcement, the Tasmea share price was down at $9.03.
Tasmea provides specialist maintenance services across Australia.
The company stated that the transaction is expected to expand its capabilities within the energy sector.
