Tasmea Expands with Strategic Acquisition of FEG

Tasmea Limited (ASX: TEA) will acquire Future Engineering & Communication Group (FEG) for AUD 84.5 million, including AUD 52.5 million in cash and AUD 17.5 million in Tasmea shares. The deal enhances Tasmea's position in Australia's growing electrification market, offering fully integrated electrical services. FEG’s expertise in powerline and communication infrastructure complements Tasmea’s existing subsidiaries, providing significant cross-selling opportunities and operational synergies. The acquisition, funded by cash reserves, equity, and a new debt facility, is expected to close on August 30, 2024, and will be earnings accretive by approximately 21%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com