The total revenue of the acquired activities is around € 434 million and the consideration paid is € 20 million.
Ben Noteboom, CEO Randstad, comments: “I thank the people from both USG People and Randstad for their efforts to ensure this transaction was a success. We are looking forward to working together to build on our market position in Spain, Italy, Poland Switzerland, Luxembourg and Austria. The combination will benefit both clients and candidates and will offer development opportunities for employees. We will now jointly start the integration process which I trust will run smoothly.”
The transaction offers a significant opportunity for value creation and will be immediately accretive to Randstad’s earnings per share. More details on the integration of the activities will be shared as soon as possible.
Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. The
Randstad Group is one of the leading HR services providers in the world with topthree positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States as well as major positions in Australia and Japan. In 2012, Randstad had approximately 29,300 corporate employees and around 4,500 branches and inhouse locations in 39 countries around the world. Randstad generated a
revenue of € 17.1 billion in 2012. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com