Japan’s Outsourcing Inc acquires stake in Australia’s Beddison Group
Japanese listed recruitment company, Outsourcing Inc, has bought a majority stake in the Australia-based Beddison Group.
The investment was announced on the Tokyo Stock Exchange.
The Beddison Group includes the Hoban, Clicks, INDEX and Luxxe brands. The group has a workforce of about 4000 temporary and contract workers in the government and private sectors. It has around 1200 clients and 200 employees.
The chairman of the Beddison Group, Tony Beddison, said the investment was good news for clients, staff and our workforce. He commented, “Like all industries, recruitment and workforce management is becoming globalised and although we are one of the largest in Australia, we are increasingly up against large global companies.
“This investment will provide critical balance sheet strength to provide confidence for large organisations and governments. Our clients, our employees and our entire workforce will have access to international opportunities.”
Beddison said he will remain as chairman and the directors, Alison Watts and Ben Wood, will stay in their current roles. Beddison said, “There will be no change to the way the business is run at an operational level.”
Tokyo-based Outsourcing Inc has been in business since 1997 and has market capitalisation of $A1 billion, with more than 30,000 employees. Outsourcing operates in Japan, Thailand, Indonesia, Vietnam, Cambodia, Singapore, Malaysia, India, England, Belgium, Chile and USA.
Beddison added, “I see the investment as the key to building a strong future for our business.”