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News: OSI Invests In PM-Partners group For Growth

Announcement posted by PM-Partners group 31 Aug 2018

Sydney, August 31, 2018 PM-Partners group, a specialist in the execution of projects, programs and transformations, today confirmed it has finalised an offer by OUTSOURCING Inc (OSI) to acquire the business effective September 3, 2018. 
 
The sale means PM-Partners group will become a specialist arm of a major global company with access to increased resources and customers. Through this investment, PM-Partners group will continue growing its capability to help large scale organisations maintain their competitive market edge and mitigate risk during transformation and turnarounds. 

OSI together with its subsidiaries, provides outsourcing, recruitment and placement, worker dispatch, and employment placement services in Japan and internationally. The relationship provides OSI with the opportunity to realise value for its shareholders,and OSI sees the value in improving the performance and productivity of PM-Partners group’s customer base. 
 
“We have recognised and acted on the need to increase our geographical coverage and to provide increased services to our customers,” said Ken Sheargold, Chief Executive Officer at PM-Partners group. “This integration into a globally large group means we can offer services working directly with the endorsement of a highly successful global business. Importantly, becoming part of OSI means we now have greater access to globally proven systems, processes and information to offer increased value to our customers."
 
Mr. Masaki Motegi, Senior Executive Director & Head of Overseas and Domestic Engineering Business Division at OUTSOURCING Inc.: “We have provided outsourcing, recruitment, staffing services extensively to clients both in private and public sectors, mainly in Japan, Australia, New Zealand and England. As a result of PM-Partners group becoming a part of OS group, we will surely strengthen our customer bases and service line-ups. We are delighted to welcome PM-Partners group with its excellent management team. We are expecting the management team to strive for continuous growth, while we will be working closely and cooperatively with them to maximise group synergies.”
 
Following completion of the sale, PM-Partners group will remain standalone in operation as a specialist arm in improving components for existing and new customers. It will continue to deal directly with customers with the same staff from the same location and benefit from the support of OSI whilst remaining a specialist supplier. 

The change of ownership takes effect on 3 Sep 2018.  PM-Partners group will still trade under the name “Project Management Partners group” with its IP, brand, staff and systems remaining in place. 
 
ENDS
 
NOTES TO EDITORS
About PM-Partners group
We help clients turn strategy into operational agility and performance. For over 20 years the PM-Partners group has worked with private and public sector organisations to run projects, programmes and PMOs or provide the advice and support needed to help run them better. Our experienced people provide Resourcing, Delivery, Advisory and Capability services, supported by our long-term investment in tools, assets and solutions. Established over 20 years, 300 people, client project portfolio over $2B, train and certify 9000+ professionals each year, advise and support agile and PMO environments for Australia’s leading organisations and government departments.
 
About OUTSOURCING Inc. 
OUTSOURCING Inc. (‘’OSI’’) is a Japanese listed company on the first section of the Tokyo Stock Exchange with over 39 group companies and partnerships in Japan and 130 globally; 78,000 employees; and FY12/17 annual turnover of approximately 2.9 billion AUD. Apart from holding a strong position in the Japanese market, the company has significantly expanded its business internationally in Asia, Australia, Europe and Latin America in recent years.