Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal
Japanese staffing group Persol plans to use its $778 million takeover of Programmed Maintenance Services as a springboard to expand into Asia as Japan's workforce shrinks.
The board of Perth-based Programmed, which provides a broad range of staffing, maintenance and facility management services and employs 20,000 people, has backed a proposal from Persol to acquire the group for $3.02 per share in cash via a scheme of arrangement.
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