E&A Limited agreed to acquire Tempo Asset Management Services from Tempo Australia Limited (ASX:TPP) on May 23, 2022. Under the terms, consideration will be, Net Tangible Assets less provision for Senior Executive redundancy payments (maximum 3) at Settlement; and 25% of the EBIT for FY23, FY24 and FY25 capped at a maximum of AUD million for any year payable on 31 October following the 30 June financial year end. Transaction is expected to close by June 30, 2022.

E&A Limited completed the acquisition of Tempo Asset Management Services from Tempo Australia Limited (ASX:TPP) on July 2, 2022.