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Tasmea Ltd. ( (AU:TEA) ) has shared an update.
Tasmea Ltd. has completed the acquisition of WorkPac Group Pty Ltd, a move expected to bolster its capabilities in recruiting skilled labor rapidly and at scale, addressing the growing demand in sectors like mining, infrastructure, and defense. This acquisition is structured to be capital light and value accretive, with WorkPac operating as an independent segment, promising significant revenue and cost synergies. The acquisition is anticipated to enhance Tasmea’s operational efficiency and expand its market reach, providing a competitive edge in meeting large-scale labor requirements.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$5.00 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 trade skilled services industry, focusing on providing specialized labor solutions. The company is known for its strategic acquisitions and aims to enhance its market presence by leveraging synergies across its subsidiaries.
Average Trading Volume: 553,634
Technical Sentiment Signal: Buy
Current Market Cap: A$1.22B
See more insights into TEA stock on TipRanks’ Stock Analysis page.