Acquisition History / Tasmea Limited / WorkPac Group Pty Ltd
Tasmea Limited Acquires WorkPac Group Pty Ltd
Announced November 19, 2025 — $40.1M
What happened
WorkPac Group is a leading Australian provider of workforce solutions. Tasmea entered a conditional share purchase agreement to acquire 100% of WorkPac for up to A$60.7M, comprising A$50.2M upfront (A$22.7M cash and 5 million new Tasmea shares at A$5.50) plus up to A$10.5M of cash earn-out, with completion targeted around 1 December 2025.
- Acquirer
- Tasmea Limited
- Target
- WorkPac Group Pty Ltd
- Announced
- November 19, 2025
- Price
- $40.1M
- Industry
- Workforce solutions / labour hire
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Tasmea Limited acquire WorkPac Group Pty Ltd?
Tasmea Limited acquired WorkPac Group Pty Ltd on November 19, 2025. This was Tasmea Limited's 1st publicly tracked acquisition out of 2 we have on record.
How much did Tasmea Limited pay for WorkPac Group Pty Ltd?
Tasmea Limited paid $40.1M for WorkPac Group Pty Ltd.
What does WorkPac Group Pty Ltd do?
WorkPac Group is a leading Australian provider of workforce solutions. Tasmea entered a conditional share purchase agreement to acquire 100% of WorkPac for up to A$60.7M, comprising A$50.2M upfront (A$22.7M cash and 5 million new Tasmea shares at A$5.50) plus up to A$10.5M of cash earn-out, with completion targeted around 1 December 2025.
What other Workforce solutions / labour hire companies has Tasmea Limited acquired?
WorkPac Group Pty Ltd is Tasmea Limited's only publicly tracked acquisition in Workforce solutions / labour hire so far.
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