BSA Limited announces divestment of its APS Maintain Business

BSA Limited (ASX:BSA) announced that it had signed an agreement to sell its APS Maintain business to CBRE Group, Inc., for AU$20 million in cash. The sale of the APS Maintain business denotes the next stage of stabilising, refocusing, and transforming the BSA Group.

Divestment of its APS maintains business aligned with the company's strategic objectives, including focusing on telecommunication and utility sectors, enhancing current capabilities in addressable markets, and pursuing financially attractive and accretive outcomes. The Australian and New Zealand outsourced telecommunications services market is projected to mature at over 6% CAGR from Financial Year 22-26 to AU$11.8 billion, with BSA  Limited well placed to pursue substantial growth opportunities in such services after the divestment.

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