Tasmea (ASX:TEA) confirmed that it completed the acquisition of WorkPac Group, which will operate as a separate segment within the firm and is expected to return organic earnings before interest and taxes (EBIT) growth of around 15% per annum, according to a Monday Australian bourse filing.

The share consideration under the acquisition was issued, including AU$27.5 million equity consideration through the issue of 5 million shares at AU$5.50 per share. Cash consideration was also

settled, including the initial upfront completion cash payment of around AU$20.2 million.

Growth in the near-term will be supported by WorkPac recruiting specialist labor for Tasmea's units, and in the medium-term as a consequence of investment in the mining and resources, infrastructure, housing, defense, and aged care sectors.

Its shares rose nearly 1% in recent trading on Monday.