Deel Acquires PayGroup Limited

Deel completed its AU$121 million acquisition of APAC-based payroll and HCM provider PayGroup Limited, which has been delisted from the Australian Securities Exchange. The deal expands Deel’s payroll and HCM capabilities and APAC footprint—PayGroup processes roughly AU$12 billion in payroll annually for over 3,000 businesses and was targeting AU$39 million ARR while being EBITDA positive.