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An announcement from Lindsay Australia Limited ( (AU:LAU) ) is now available.
Lindsay Australia Limited has announced the acquisition of SRT Logistics Pty Ltd, Tasmania’s largest provider of refrigerated supply chain solutions, for approximately $108.2 million. This strategic acquisition allows Lindsay Australia to expand its presence in the Tasmanian market and leverage its existing network for growth opportunities. The acquisition is expected to be completed by June 30, 2025, and is anticipated to deliver significant financial benefits, including a 15% increase in earnings per share for FY25. Additionally, SRT’s CEO, Robert Miller, will join Lindsay Australia’s board as an Executive Director, further integrating the operations of the two companies.
The most recent analyst rating on (AU:LAU) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.
More about Lindsay Australia Limited
Lindsay Australia Limited operates in the logistics industry, focusing on providing supply chain solutions. The company is involved in the transportation and logistics services, particularly in refrigerated supply chains, serving various sectors including horticulture, wholesale, and retail food industries.
Average Trading Volume: 1,114,391
Technical Sentiment Signal: Hold
Current Market Cap: A$236.3M
See more data about LAU stock on TipRanks’ Stock Analysis page.