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Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal

Jenny Wiggins
Jenny WigginsInfrastructure reporter
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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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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/japans-persol-snaps-up-programmed-maintenance-services-in-778m-takeover-deal-20170714-gxb46x