Hastie Group Limited

The Australian shares continue to suffer a stock market downturn caused by debt crisis in Europe. Yesterday the Australian market closed nearly unchanged in a day of fluctuating trade. The benchmark S&P/ASX200 index Wednesday shed more than 1.5 per cent in early trade after Wall Street resumed its slide on a surprise move by Germany to restrict some financial transactions against banks.

US stocks ended flat overnight in light trade volumes as the market was awaiting the economic data this week. The Dow Jones Industrial Average edged higher to its highest close in more than nine months.

Hastie Group Limited (ASX: HST), Australasia's leading building services and refrigeration systems group, today announced the expansion of its commercial hydraulics business to Queensland through the acquisition of Beavis & Bartels and GTS Plumbing.

Hastie Group Limited, Australasia's leading commercial and industrial air conditioning and refrigeration systems group, today announced it has formed a joint venture to undertake air conditioning installation projects in Dubai.

Hastie Group Limited, Australia's leading commercial air conditioning and refrigeration systems group, today announced it has agreed to acquire the business of Gordon Brothers Industries Pty Ltd, Australia's leading industrial refrigeration company.