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Synergie SE — M&A Activity 2010
Jan 4, 2010
1690_iss_2010-01-04_e83d6c25-3cf9-437c-a9ec-d81217635cc1.pdf
M&A Activity
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SYNERGIE LEADER IN HUMAN RESOURCES MANAGEMENT STRENGTHENS PRESENCE IN SPAIN
SYNERGIE acquired the goodwill of Spanish company OLYMPIA EMPLEO ETT which achieved sales of almost 35 million euros in 2009.
This acquisition significantly increases SYNERGIE's presence in Spain, expanding the network up to 34 branches. Sales are expected to triple to 70 million euros in 2010.
OLYMPIA EMPLEO ETT is well established in Galicia, Catalonia and Andalusia and specializes in service industry and call centres.
The transaction is wholly self-financed and is part of SYNERGIE's European development strategy aimed at confirming its position as a leading company in Global Human Resources Management.
Listed on NYSE Euronext Paris, compartment B (mid caps), SYNERGIE is a major independent player in global Human Resource management, with a network of 552 branches in Europe and Canada. SYNERGIE is one of the companies included in the CAC Small 90, CAC Mid and Small 190 and SBF 250 indexes.
ISIN FR0000032658 Reuters SDGI.PA Bloomberg SDG FP
www.synergie.fr