Acorn, one of the UKís recruitment and training specialists and the largest in Wales, announces the formation of a new partnership with leading multi-national recruitment company Synergie Group of France.
Synergie Group, which serves the recruitment and training sector throughout France, Belgium, Italy, Spain, Slovakia, Portugal, Luxemberg, Czech Republic and Canada, is to support Acorn in its strategy to treble annual turnover in the UK to more than 100m (2004/05:38.5m) during the next three years.
Synergie, which will report consolidated revenues of Ä1 billion (approx: 689m) in 2006, has acquired a 70% stake in Acorn, an investment that underpins the future expansion of Acornís UK branch network through organic and acquisitive growth.
Matt Southall, Acornís Managing Director, said, ìStaff are delighted; for a long time Acorn, a leading Welsh brand, has had the reputation of an ambitious, fast-growing company with excellent client retention; the new partnership with Synergie brings with it the support and investment we need to continue in this way and grow the business to 100m in three years time.
ìSynergie was looking for a suitable business partner in the UK, and we are delighted its Board has recognised both the achievements of Acorn to date and our ability to meet their ambitious growth expectations going forward.î
Acorn announces that an immediate priority will be to work alongside Synergie colleagues in helping expand intra-European account contracts into the UK market under the Acorn brand.
Mr Southall added, ìWith Synergieís investment we are looking forward to developing the Acorn brand still further and to build the business significantly from our Head Office base in South Wales; in the medium-term to include developing our specialist divisions and doubling the size of our branch network.î
Acorn announces partnership with Synergie Group
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