Tasmea Ltd. ( (AU:TEA) ) has provided an update.
Tasmea Ltd. announced the acquisition of Flanco Group, aligning with its strategic pillars of organic growth and programmatic acquisitions. This move is expected to enhance Tasmea’s capabilities in providing specialized maintenance services, potentially increasing recurring revenue and strengthening its market position in key industries.
More about Tasmea Ltd.
Tasmea Ltd. operates in various sectors including electrical, mechanical, civil, and water & fluid services. The company focuses on industries such as mining, oil & gas, waste management, power, renewable energy, defense, infrastructure, telecommunications, and retail. Tasmea specializes in maintenance, shutdown, emergency breakdown, and sustaining capital services for essential asset owners.
YTD Price Performance: -16.13%
Average Trading Volume: 195,588
Technical Sentiment Signal: Hold
Current Market Cap: A$589M
Learn more about TEA stock on TipRanks’ Stock Analysis page.