• Acquisition expected to be immediately accretive to earnings per share
• Maxim Group has a strong track record of organic revenue growth and a multi-year visible pipeline
• Deal expected to diversify Tasmea's earnings into high-growth markets
• Maxim Group's management and workforce will remain with the business

Tasmea Ltd announced its intention to acquire Maxim Group, a leading electrical specialist contractor in Victoria, for up to A$254m. The acquisition is expected to be immediately accretive to earnings per share by approximately 31% for FY26e. Maxim Group has a strong track record of organic revenue growth, delivering a compound annual growth rate of approximately 70% from FY24A to FY26e. The acquisition will diversify Tasmea's earnings into high-growth markets, including data centres, infrastructure, and battery energy storage systems. Maxim Group's management and workforce will remain with the business, and the deal is expected to close around July 1, 2026, subject to regulatory approval.

Immediately EPS accretive by ~31% for FY26e

The acquisition is expected to capitalize on the growing demand for data centres, infrastructure, and renewable energy projects in Victoria and nationally. The deal positions Tasmea as a leading specialist electrical platform in high-growth sectors.