Tasmea Limited Acquires Flanco Group to Boost Civil Services Portfolio

Tasmea Ltd. ( (AU:TEA) ) just unveiled an update.

Tasmea Limited has announced its strategic acquisition of Flanco Group, a specialist in civil services and maintenance solutions, for approximately A$27 million. This acquisition is expected to enhance Tasmea’s earnings per share by 12% and expand its service offerings and national presence, particularly in the high-demand Goldfields region. The integration of Flanco Group is anticipated to bring synergistic benefits with Tasmea’s existing subsidiaries, driving operational efficiencies and enabling cross-selling opportunities. The acquisition aligns with Tasmea’s long-term infrastructure goals and strengthens its market position in the civil and mining services sector.

More about Tasmea Ltd.

Tasmea Limited operates in the civil and mining services industry, providing a range of specialist services such as precast concrete, earthwork, formwork, concrete and reinforcement, civil maintenance, asset remediation, constructability advice, and project management. The company has a national footprint in Australia, with operations spanning all mainland states, and focuses on infrastructure and economic development projects.

YTD Price Performance: -16.13%

Average Trading Volume: 195,588

Technical Sentiment Signal: Hold

Current Market Cap: A$589M

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