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Tasmea Ltd. ( (AU:TEA) ) has shared an announcement.
Tasmea Limited has completed the acquisition of the Vertex Group, which includes Vertex Power & Process Pty Ltd and VTX Group Services Pty Ltd. This strategic acquisition enhances Tasmea’s capabilities in high voltage, portable power, and pumping solutions, targeting clients in the energy, mining, infrastructure, and local government sectors. The Vertex Group, known for its strong regional presence and long-term customer relationships, is expected to generate over A$2.5 million EBIT annually. The acquisition is anticipated to be earnings accretive in FY26, with the founders remaining in leadership roles to ensure continuity and growth.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Limited operates 25 specialized trade skill services businesses in Australia, focusing on essential shutdown, maintenance, emergency breakdown, and brownfield upgrade services for fixed plant assets. The company serves a blue-chip customer base across six growing industry sectors, including mining and resources, oil and gas, defense, infrastructure, power and renewable energy, telecommunications, retail, waste, and water.
Average Trading Volume: 271,937
Technical Sentiment Signal: Buy
Current Market Cap: A$831.8M
See more data about TEA stock on TipRanks’ Stock Analysis page.