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Randstad N.V. — M&A Activity 2007
Mar 29, 2007
3880_iss_2007-03-29_c5c2fa66-d5fe-496b-9a87-d679fb462d8b.pdf
M&A Activity
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Randstad Holding nv
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Press release Tempo-Team expands its administrative contracting business through the acquisition of Thremen
Date March 29, 2007 More information Machteld Merens/Bart Gianotten Telephone +31 (0)20 569 56 23
Randstad Holding nv announces that its Dutch subsidiary Tempo-Team has acquired Thremen BV. Thremen specializes in contracting of administrative processes and acts predominantly within the public and financial sectors. Thremen has a headcount of 380 employees and generated revenue of € 19 million in 2006.
Tempo-Team is the second largest staffing brand in The Netherlands and focuses on 7 segments: logistics, food, healthcare, public sector, finance, hospitality & catering, and teleservices. Next to generic staffing, inhouse services, secondment, search & selection, and HR solutions, Tempo-Team has also build up a small position in contracting.
Thremen plays a key role in the Dutch market of administrative contracting. Tempo-Team has identified a growing demand from clients to outsource labor-intensive production and administrative processes to companies for which managing personnel is core business. It is expected that this trend will continue the coming years.
The acquisition of Thremen complements Tempo-Team's service offering. Tempo-Team's current contracting activities are geared towards logistics and the public sector. The combined capacity of Tempo-Team and Thremen will provide a denser footprint, a wider range of services and an increased expertise for both companies and their clients.
The acquisition of Thremen is expected to have a small positive impact on EPS in 2007.
Randstad Holding nv specializes in solutions in the field of flexible work and human resources services with group companies in Europe, North America and Asia. The Randstad Group is one of the largest temporary employment organizations in the world and market leader in the Netherlands, Belgium, Germany, Poland and the southeastern United States. Randstad is dedicated to matching at the right time, the demand by individuals for challenging and well-paid employment to the demand of organizations for employees of the right caliber and the right qualifications. The Group is active under the brand names Randstad, Yacht , Capac Inhouse Services, Tempo-Team, EmmayHR, Team4U, Martin Ward Anderson, Teccon and Otter-Westelaken. Randstad Holding nv (Reuters: RAND.AS, Bloomberg: RAND NA) is listed on the Euronext Amsterdam exchange, where options for stocks in Randstad Holding are also traded. For more information about Randstad Holding see http://www.randstad.com.