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TMA New Zealand Acquisition

TMA Group of Companies Ltd (TMA) has today announced the acquisition of Premier Business Group (“Premier”) in New Zealand. Premier is expected to add estimated annual sales of AUD7 million to the Group with a strong EBITDA margin of 15%, prior to synergies. The business has been acquired at a multiple of less than four times EBITDA with part of the consideration deferred over two years. Anthony Karam, the Managing Director of TMA stated: “Premier will provide further diversification of TMA’s manufacturing capability whilst also adding products and broadening the scope of our business. We anticipate significant synergies with our existing operation in New Zealand which will be extracted without any further investment or cost to TMA. TMA continues to maintain its strong focus on profitable organic growth and acquisition”