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Melbourne, Monday, 9 November 2026 – PERSOL Holdings Co., Ltd. (PERSOL) has signed an agreement to sell Programmed and its ANZ subsidiaries to Service Stream. The sale is subject to regulatory approvals and other conditions and is expected to complete in early 2027.
Programmed is a leading provider of essential infrastructure and staffing services across Australia and New Zealand. Founded in 1951, it employs over 32,000 people and serves over 10,000 customers across Mining and Resources, Oil and Gas, Government, Defence, Education, Aviation, Infrastructure, Manufacturing, Transport and Logistics.
Programmed Chief Executive Officer Graeme Hurn, said: “Programmed enters this next chapter from a position of strength. For 75 years, our people have kept essential assets, infrastructure and workplaces running across Australia and New Zealand, and we celebrate the return to our Australian heritage with a strong commitment towards New Zealand. Service Stream recognises what our people have built and the opportunity ahead. “
Service Stream's Managing Director Leigh Mackender, said: “The acquisition of Programmed marks a significant and exciting milestone in Service Stream’s journey, bringing together two businesses with highly complementary capabilities and supporting significant and sustainable value creation in support of our clients and shareholders.”
PERSOL Representative Director, President and CEO, Takao Wada, said: “Having Programmed and the Australia and New Zealand business as part of our APAC SBU has been a wonderful experience. As both our businesses evolved, we recognised it was better suited to find an appropriate partner to help Programmed grow within its strengthening facility management and maintenance services. We wish both Programmed and Service Stream a strong future together.”
Through completion, Programmed remains part of the PERSOL Group and continues to operate as usual.
Media contact: media@programmed.com.au
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