• Tasmea Ltd to acquire 100% of JPS Group for up to A$75m
• Acquisition expected to be immediately EPS accretive
• JPS Group to double revenue by FY29, with international expansion underway
• Transaction expected to close in August 2026, subject to conditions

Tasmea Ltd has announced the acquisition of JPS Group, a leading integrated services provider to the energy sector, for up to A$75 million. The acquisition includes an upfront payment of approximately A$50 million and an earn-out of up to A$25 million over four years, contingent on meeting certain performance milestones. JPS Group, with its extensive experience in LNG and critical energy infrastructure, is expected to double its revenue by FY29, supported by a strong client base and recurring revenue from long-term maintenance service agreements (MSAs). The acquisition is anticipated to close in August 2026, subject to customary conditions, including regulatory approval.

Upfront Consideration: ~A$50m, Earn-out: up to A$25m, Pro forma EPS accretion: ~5%

JPS Group is expected to double its revenue by FY29, with international expansion in the USA and Africa. The acquisition is anticipated to close in August 2026.