Acquisition of JPS Group - Announcement
| Stock | Tasmea Ltd (TEA.ASX) |
|---|---|
| Release Time | 24 Jun 2026, 8:51 a.m. |
| Price Sensitive | Yes |
Tasmea Acquires JPS Group for A$75 Million
- Tasmea acquires JPS Group, a leading energy services provider, for up to A$75 million
- The acquisition is expected to be immediately EPS accretive, with approximately 5% forecast pro forma EPS accretion in FY26e
- JPS Group diversifies Tasmea's earnings into LNG, gas, and critical energy infrastructure markets
Tasmea Limited (ASX: TEA) has announced the acquisition of JPS Group, a leading integrated services provider to the energy sector, for a total consideration of up to A$75 million. The acquisition includes 100% of JPS Holdings Pty Ltd and its related entities. The transaction is expected to be immediately EPS accretive, with approximately 5% forecast pro forma EPS accretion in FY26e. JPS Group diversifies Tasmea's earnings into Australia's structurally growing LNG, gas, and critical energy infrastructure markets, adding a Tier-1 client base with more than 10 Master Services Agreements (MSAs) and a unique, tech-enabled isolation offering.
FY26 Underlying EBIT: $117 million, FY26 Underlying NPAT: $72.5 million
The acquisition is expected to be immediately EPS accretive, with approximately 5% forecast pro forma EPS accretion in FY26e.