Staffing, maintenance and project services provider Programmed Maintenance Services Limited
(ASX:PRG) is poised to takeover staffing services company Skilled Group Limited
(ASX:SKE).
Both group’s have entered into a scheme implementation agreement under which Programmed will acquire all Skilled shares through scheme of arrangement.
While the deal is subject to shareholder and court approval it has been backed by Skillled’s board and is expected to be completed by mid October.
The combined entity is aiming to create a market-leading diversified staffing, maintenance and facilities management business.
Programmed Maintenance Services reported a net profit of $25.69 million in the year to the end of March.
