Tasmea Ltd. Expands Electrification Services with Vertex Group Acquisition

An announcement from Tasmea Ltd. ( (AU:TEA) ) is now available.

Tasmea Ltd. has announced the acquisition of Vertex Group, which includes Vertex Power & Process Pty Ltd and VTX Group Services Pty Ltd, to enhance its capabilities in the electrification industry. The acquisition, valued at approximately A$9 million upfront with additional contingent considerations, is expected to be earnings accretive and will expand Tasmea’s regional footprint and expertise in energy infrastructure. The integration of Vertex Group will provide significant cross-selling opportunities and synergies with existing Tasmea subsidiaries, strengthening its market position and shareholder value.

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 Ltd. operates in the electrification industry, focusing on high voltage and portable power specialist services. The company serves various sectors including mining, renewable energy, utilities, industrial, and local government, primarily in regional New South Wales, South Australia, and Victoria.

Average Trading Volume: 237,531

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$699.8M

For an in-depth examination of TEA stock, go to TipRanks’ Stock Analysis page.