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Tempo Australia Ltd (ASX:TPP) has secured new construction and maintenance contracts with a combined value of over $11 million. (4-0)
Tempo Australia Ltd (ASX:TPP) has secured new construction contracts with a combined value of more than $6 million.
Tempo Australia has announced the acquisition of NSW-based electrical engineering company KP Electric for up to $10.1 million.
Shares in contractor Tempo Australia were up 24 per cent in morning trade after the company announced a $9.5 million placement to a vehicle controlled by Transfield Holdings co-managing director Guido Belgiorno-Nettis.
Tempo requested the halt pending details of a proposed placement to a sophisticated investor who is looking to become a cornerstone investor in the company.
Tempo Australia has expanded its service offering with the acquisition of local electrical, telecom and data communications contractor Cablelogic for an undisclosed sum.