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Tasmea Ltd. ( (AU:TEA) ) has provided an update.
Tasmea Ltd. has announced its acquisition of WorkPac Group Pty Ltd for up to A$60.7 million, with the transaction expected to settle around December 1, 2025. This strategic acquisition aims to enhance Tasmea’s recruitment capabilities and expand its market reach, particularly in under-served regions. The integration of WorkPac is anticipated to provide operational synergies, cross-selling opportunities, and strengthen Tasmea’s ability to execute large-scale projects. The acquisition is expected to be earnings accretive, with a projected 10% increase in FY26 earnings and strong EBIT margins. It will be funded through existing cash reserves and Tasmea shares, with future earn-out payments supported by WorkPac’s cash profits.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Ltd. operates in the resources and infrastructure industry, focusing on providing specialist trade services. The company is known for its ability to fulfill skilled labor needs at speed and scale, offering a competitive edge in the market.
Average Trading Volume: 443,584
Technical Sentiment Signal: Buy
Current Market Cap: A$1.35B
Learn more about TEA stock on TipRanks’ Stock Analysis page.