Tasmea Ltd. (AU:TEA) has released an update.
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Tasmea Ltd. is set to fully acquire Future Engineering & Communication Group for A$84.5 million, aiming to capitalize on Australia’s booming electrification demand and drive substantial revenue synergies. The deal includes an upfront cash payment, shares in Tasmea, and a percentage of the acquired company’s net profits over the next three years. This strategic move will expand Tasmea’s specialist trade skills portfolio and is scheduled to be finalized by the end of August 2024.
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