SHAPE Australia (ASX:SHA) entered into an agreement to acquire the business and assets of Arden Group for AU$25 million, according to a Wednesday filing with the Australian bourse.
The deal will be funded via cash and debt and is expected to be deliver earnings per share accretion of about 10% to 14%, the filing said.
The company also expects the deal to deliver fiscal 2026 pro forma earnings before interest, taxes, depreciation and amortization of AU$6.2 million, the filing added.
The acquisition is expected to be completed before Dec. 31, the company said.