TEA.ASX: Acquisition of Maxim Group - Announcement

Acquisition of Maxim Group - Announcement

Stock	Tasmea Ltd (TEA.ASX)
Release Time	2 Jun 2026, 8:29 a.m.
Price Sensitive	Yes

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Tasmea to Acquire Maxim Group for A$254 Million

Key Points

Tasmea to acquire 100% of Maxim Group for up to A$254 million.
Transaction expected to close around 1 July 2026.
Acquisition to enhance Tasmea's presence in high-growth sectors.

Full Summary

Tasmea Ltd (ASX: TEA) has announced the acquisition of Maxim Group Australia Pty Ltd, a leading specialist electrical contractor, for up to A$254 million. The acquisition will be funded through a combination of cash, scrip, and an earn-out based on Maxim achieving specific EBIT targets. The deal is expected to close around July 1, 2026, subject to customary conditions, including ACCC approval. The acquisition is expected to be immediately accretive to earnings, with a forecast 31% pro forma EPS accretion in FY26e. Maxim Group, with its strong presence in Data Centres, Infrastructure, and Renewable Energy, will significantly expand Tasmea's capabilities and market reach.

Guidance

FY26 Pro Forma Underlying EBIT: $175m, FY26 Pro Forma Underlying NPAT: $107m

Outlook

The acquisition is expected to establish Tasmea as a leading specialist electrical platform with enhanced exposure to high-growth sectors.