• Acquired customer contracts from a major logistics company
• Revenue from acquired customers was $162 million for FY2026
• Purchase price is 1% of sales for the first two years
• Expected to complete in July 2026 and be EPS accretive in FY2027
• Transaction funded by cash flows and banking facilities

Ashley Services Group Limited (ASX: ASH) has announced the acquisition of external labor hire customer contracts and associated workforce from a major logistics company. The acquired contracts generated $162 million in revenue for the year ended 31 March 2026. The purchase price is 1% of the sales received from transferring customers during the first two years of operations post-completion date. The acquisition is expected to complete in July 2026 and is anticipated to be accretive to Earnings Per Share in the financial year ending 30 June 2027. The transaction will be funded from ongoing cash flows and banking facilities supported by the company's banking partner, Westpac.

Expected EPS accretive in FY2027, purchase price is 1% of sales for first two years

The acquisition is expected to strengthen Ashley Services Group's business offering in the logistics labor hire sector.