The Adecco Group has successfully completed the acquisition of MPS Group, Inc. (‘MPS Group’), a leading provider of professional staffing services, [for an enterprise value of EUR*1 782 million, or USD 13.80 per share].
MPS Group is a leading provider of specialty staffing, consulting, and business solutions across various professional business lines such as information technology, finance and accounting, public sector, legal, engineering and healthcare. MPS Group is one of the largest professional staffing firms in North America and also has a strong position in the UK, Europe, Australia and Asia.
The MPS deal, which follows the acquisition of Spring Group in the final quarter of 2009, will further strengthen Adecco Group’s position as one of the largest and most influential forces in UK recruitment.
For Adecco Group UK & Ireland specifically, the main additions to the Group’s portfolio will come in the shape of Badenoch & Clark, specializing in recruiting for accounting and finance, banking and financial services, human resources, IT, legal, marketing and communications, project and programme management, procurement and public sector roles; Modis International, an IT and engineering recruitment specialist; and Judd Farris, a property and facilities management recruitment specialist. Each of these brands will continue to operate as individual entities, capitalizing on the skills and expertise inherent in each business line.
Peter Searle, CEO of Adecco Group UK and Ireland commented: “The acquisition of MPS serves not only a chance to further strengthen and diversify the Adecco Group portfolio, but also as a statement of intent regarding the UK recruitment landscape. As we move further into 2010, the opportunity to reinvigorate and revitalize employment in the UK will only continue to grow. This acquisition ensures that we are well placed to capitalise on that opportunity.”
For further information on this acquisition, please visit the following link: http://www.adecco.com/MediaRelations/MediaReleases/Pages/MediaReleases.aspx
*1 Spot exchange rate: 1.49 USD/EUR