Australia's Tasmea hits record high on buying JPS Group

Tasmea

24/06/2026 01:39

** Shares of Australia's Tasmea TEA.AX rise as much as 4.1% to a record high of A$9.40
** Specialist trade skill services firm buys JPS Group, which provides services to the energy sector, for A$75 million  ($51.89 million)
** Co says acquisition would help diversify its earnings into Australia's growing LNG, gas and critical energy infrastructure markets, and provide a "blue-chip client base"
** Shares have more than doubled in value, YTD 
($1 = 1.4453 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com))