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Tasmea Acquires WorkPac for A$60.7M, Boosting Skilled Labour Capacity
6:03pm on Wednesday 19th of November, 2025 AEDT
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Industrial Services
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Tasmea Acquires WorkPac for A$60.7M, Boosting Skilled Labour Capacity
6:03pm on Wednesday 19th of November, 2025 AEDT
Key Points
Tasmea to acquire 100% of WorkPac for up to A$60.7 million
Acquisition expected to be earnings accretive by ~10% in FY26 pre-synergies
WorkPac’s skilled labour engine supports Tasmea’s specialist trade services
Deal funded by cash reserves and Tasmea shares, with earn-out payments tied to performance
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