Tasmea Ltd. (AU:TEA) has released an update.
Tasmea Ltd. is set to acquire Future Engineering Group for A$84.5 million, a move poised to enhance Tasmea’s earnings by 21% per share and expand its reach in Australia’s burgeoning electrification sector. The strategic purchase will complement Tasmea’s existing operations, promising significant synergies across its subsidiaries and fortifying its service offerings in maintenance and upgrades for essential energy assets. With Future Engineering Group’s strong track record and established customer base, Tasmea anticipates leveraging this acquisition to meet the growing demand for renewable energy integration.
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