Shape Australia Corp Acquires Australian Professional Shopfitters
Shape Australia Corp Acquires Australian Professional Shopfitters
Shape Australia Corp Ltd (ASX: SHA) has announced the acquisition of Australian Professional Shopfitters. The deal includes A$20.4 million upfront and up to A$9 million in contingent consideration.
Funding Details
The consideration and costs will be funded through a mix of cash and scrip. The acquisition is expected to deliver 5-7% normalized EPS accretion in the first full year.
Management and Future Plans
The APS leadership team will continue for a minimum of two years post-deal. This acquisition marks a significant step in Shape Australia's growth strategy.
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