Japan – Outsourcing announces a pair of acquisitions in Australia and the UK

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Japanese staffing firm Outsourcing announced two separate acquisitions including the acquisition of Australia-based management consulting service provider Project Management Partners, as well as the acquisition of UK-based HR service provider Allen Lane Topco Limited.

Outsourcing will buy all the shares of Project Management Partners and make it a subsidiary. The acquisition price is JPY 3.36 million (approximately USD 30,260). The acquisition date is expected to close today 3 September 2018.

The Australian-based company was founded in 1995 and develops contracting business, advisory business, training school management business in ICT (information and communication technology) field.

“Through this acquisition, the Outsourcing group aims to enter into both consultancy and advisory service provider markets in Australia,” Outsourcing stated.

Outsourcing’s acquisition of 82.5% of the issue shares of Allen Lane, which was effective from 31 August 2018, also makes Allen Lane a subsidiary. The price for the acquisition was JPY 3.07 million (approximately USD 27,649).

Allen Lane was founded in 2004 and mainly operates as a recruitment business for governments and non-profit organisations. It has demonstrated expertise in recruiting for central and local governments in the UK, especially in accounting and finance fields.

“This acquisition should enable the Outsourcing group not only to offer wider proposals to the common governmental client base but also to anticipate synergy effects contributing to expansion of public services outsourcing businesses which is one of the pillars for growth strategies defined in the group’s medium-term business plan,” Outsourcing stated.

Outsourcing said that the impact of these acquisitions on consolidated financial results for this fiscal year is under study. If any matters to be disclosed develop, the company will promptly make proper announcements.

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/Japan-Outsourcing-announces-a-pair-of-acquisitions-in-Australia-and-the-UK-47257


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