Acquisition of POSG to Grow/Work Group B.V. by Damen Beheer

Transaction
Grow/Work Groep has acquired the remaining 27% of the shares in POSG. Rembrandt M&A acted as the exclusive financial advisor of the seller.

Parties
The origin of POSG is at the Dutch Department of Agriculture, where the agricultural knowledge system was privatized in the early 90s. This led to a few organizations in the field of HR, from which P&O Services Group was founded in 1998. In 2011, this company changed its name to POSG. POSG is a service provider in the field of labor mobility, and a discussion partner to the government and to politicians. Further, the company is specialized in mobility advice, career coaching, temporary employees, payrolling, and recruitment.
For more information, see: www.POSG.nl

Grow/Work is a quickly growing, nationally operating service provider for the healthcare sector. With over a hundred employees, the company is active in recruitment and selection, temporary staff, and consultancy. Grow/Work works for hospitals, institutions that provide care to the elderly and the handicapped, and for health care providers and the governmental organizations related to the healthcare sector.
For more information, see: www.growwork.nl