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Randstad N.V. — M&A Activity 2013
Jun 10, 2013
3880_iss_2013-06-10_cc9f8765-cc81-486b-a03e-deaa42c0c8d6.pdf
M&A Activity
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Randstad Holding nv P.O. Box 12600 NL-1100 AP Amsterdam z.o. T +31 (0)20 569 59 11
F +31 (0)20 690 11 01
Press release Randstad receives clearance from European Commission
On June 7, 2013 Randstad received clearance from the European Commission for the proposed acquisition of part of the European staffing activities of USG People, which was announced on April 4, 2013.
Key points of the proposed acquisition:
- Randstad to acquire staffing activities of USG People in Spain, Italy, Poland, Switzerland, Luxembourg and Austria
- Randstad will increase its market position and density of its network
- An investment of € 20 million to add revenue of € 434 million
- The transaction offers a significant opportunity for value creation and will be immediately accretive to Randstad's earnings per share
With the approval from the European Commission an important hurdle has been cleared. Randstad anticipates to close the transaction towards the end of June 2013.
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 top three 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
Date June 10, 2013 More information Jan-Pieter van Winsen Marianne Honkoop Telephone +31 (0)20 569 56 23