FujiStaff ranks No. 38 on Staffing Industry Analysts' 2010 list of largest global staffing firms with estimated staffing revenue of US$624.0 million.

Randstad, based in the Netherlands, ranks as the world's second-largest staffing firm.

FujiStaff's founding shareholders have already agreed to sell their 44.6% stake in FujiStaff for 27,500 yen per share, Randstad announced. The company plans a public tender offer to purchase remaining shares for 27,500 yen per share. Total consideration for the shares plus FujiStaff's net debt position is estimated at euro147.0 million (approximately US$188.9 million), Randstad reported.

The Dutch staffing firm already holds a 20.5% stake in FujiStaff.

"The Japanese market is the second-largest market in the world and, for Randstad, this is filling a gap," CFO Robert-Jan van de Kraats said in a conference call with analysts.

FujiStaff has 88 branches and two business lines -- one is primarily clerical (approximately 55% of revenue) and the other is primarily industrial (approximately 45% of revenue).

Randstad established contact with FujiStaff in 2004 and acquired a 10% stake in the firm in November 2008. In two steps, in 2009 and 2010, the stake was raised to 20.5%.

The deal is contingent on regulatory approvals and Randstad obtaining an economic stake of at least 75% through the public tender offer.