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Japan's Persol to buy Aussie staffing giant

Planting seeds for growth abroad amid a tight labor market at home

Persol President Masamichi Mizuta is bullish on the future of temp work.

TOKYO -- Persol Holdings plans to acquire leading Australian staffing company Programmed Maintenance Services under a deal announced Friday, laying the groundwork for future growth overseas.

The 791 million Australian dollar ($618 million) purchase will mark the biggest investment yet by the Japanese staffing company, recently renamed from Temp Holdings. Persol hopes to quickly cement its foundation in Asia, President Masamichi Mizuta told a news conference.

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