APM set to dou­ble af­ter Ingeus deal

Kalgoorlie Miner - - BUSINESS - Ben Har­vey

WA dis­abil­ity em­ploy­ment com­pany APM has dou­bled in size and ex­panded its foot­print to 10 coun­tries af­ter buy­ing a firm that was once owned by for­mer prime min­is­ter Kevin Rudd’s wife Therese Rein.

The ac­qui­si­tion of Ingeus, which Ms Rein founded 30 years ago and sold to Amer­ica’s Prov­i­dence Ser­vice in 2014, means APM will be re­spon­si­ble for the em­ploy­ment of more than 5500 peo­ple around the world.

The Perth firm, part-owned by WA rich lis­ters Me­gan Wynne and hus­band Bruce Bellinge, will turn over about $800 mil­lion a year af­ter tak­ing over Ingeus’ gov­ern­mentspon­sored em­ploy­ment pro­grams in Bri­tain, the US, Canada, South Korea, Ger­many, Switzer­land, Sin­ga­pore and Spain.

APM’s lo­cal op­er­a­tions will get big­ger through the ad­di­tion of Ingeus’ Aus­tralian arm, As­sure Pro­grams.

The deal is sub­ject to sev­eral of­fi­cial ap­provals that are ex­pected to be granted within four weeks.

Once fi­nalised, the ac­qui­si­tion will make APM an in­ter­na­tion­ally sig­nif­i­cant player in the wel­fare-towork in­dus­try, sup­port­ing more than 350,000 peo­ple.

The fast-grow­ing sec­tor in­volves em­ploy­ment com­pa­nies as­sess­ing peo­ple for suit­able jobs, re­ha­bil­i­tat­ing those who are not workready and sup­port­ing them while they are in the work­force.

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