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The latest announcement is out from Shape Australia Corporation Limited ( (AU:SHA) ).
Shape Australia Corporation Limited has announced the acquisition of Arden Group, a specialist in national retail fitout and facilities maintenance, for $25 million, with additional contingent payments. This acquisition is expected to enhance Shape’s capabilities and market reach, particularly in the retail sector, and is projected to be earnings accretive in its first year. The move aligns with Shape’s growth and diversification strategy, offering cross-selling opportunities and expanding its client base through Arden’s established relationships with blue-chip clients. The acquisition will be funded through a combination of cash and debt, with the existing Arden management team continuing to operate the business.
The most recent analyst rating on (AU:SHA) stock is a Buy with a A$6.70 price target. To see the full list of analyst forecasts on Shape Australia Corporation Limited stock, see the AU:SHA Stock Forecast page.
More about Shape Australia Corporation Limited
Shape Australia Corporation Limited operates in the fitout and construction services industry, focusing on providing facilities maintenance and multi-site project delivery capabilities. The company aims to expand its market presence, particularly in the retail sector, through strategic acquisitions and partnerships.
Average Trading Volume: 198,104
Technical Sentiment Signal: Hold
For detailed information about SHA stock, go to TipRanks’ Stock Analysis page.