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Tasmea Limited (ASX:TEA)

ALERT: Price-sensitive ASX Announcement for TEA
Current share price for TEA : $8.640 3.56 (70.08%)+
Announcement
Release
19 Nov 2025 4:57PM
Price at Release
$5.080
Full Release
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Summary
Tasmea Limited has announced its strategic acquisition of WorkPac Group Pty Ltd, a leader in workforce solutions across Australia, to bolster its multidisciplinary specialist trade services. This transaction, valued at up to $60.7 million, will be financed through Tasmea's existing cash reserves and equity issuance, with completion anticipated around 1 December 2025. The acquisition is expected to strengthen Tasmea's position by providing a robust labor recruitment engine and aiding in the company's organic growth strategy. WorkPac is anticipated to offer a significant contribution to Tasmea's earnings, with projected EBIT margins exceeding 18% and a 10% EPS accretion. This move is part of Tasmea’s commitment to address skilled labor shortages and to expand its service offerings across critical industry sectors.
Key Points
  • Tasmea Limited is acquiring 100% of WorkPac Group Pty Ltd.
  • The acquisition will be funded by existing cash reserves and equity issuance.
  • Completion of the transaction is expected around 1 December 2025.
  • WorkPac provides workforce solutions across multiple industries in Australia.
  • The acquisition aligns with Tasmea's strategy for organic growth and skilled labor certainty.
  • WorkPac is expected to contribute significant EBIT and EPS accretion for Tasmea.
  • The acquisition enhances Tasmea's capability in sourcing and deploying skilled labor.
  • Synergies identified include revenue, operational, and cost synergies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.