Adecco Group Completes Acquisition of MPS Group, Inc.
Together, Adecco Group and MPS Group Offer the Most Comprehensive Recruitment & Workforce Solutions in North America & Globally
(MELVILLE, NY) January 20, 2010 – 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 782 million, or USD 13.80 per share.
By joining forces with MPS Group, Adecco Group cements its leadership position in professional staffing both in the world and North America by offering the most comprehensive recruitment and workforce solutions in the staffing industry - providing unparalleled value to the firm’s clients and unrivaled opportunities for its colleagues and consultants/associates.
MPS Group is a leading provider of specialty staffing, consulting, and business solutions across various professional business lines such as information technology (Modis, Idea Integration), finance and accounting (Accounting Principals), legal (Special Counsel), engineering (Entegee) and healthcare (Soliant Health). 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.
“As separate entities, Adecco and MPS Group were two very strong and successful organizations. Together, our new organization presents an offering that is unmatched in our industry,” said Tig Gilliam, CEO of Adecco Group North America. “Our businesses nicely complement each other and joining forces represents an investment in strengthening both of our portfolios of service to place us in the best position to take full advantage of the economic recovery.”
Together with MPS Group, Adecco Group North America becomes the number one provider of engineering and legal staffing and the number two provider in information technology and finance/accounting recruitment. The combination also gives Adecco an entry into the high growth healthcare market where MPS Group already had a strong platform. Additionally, the new Adecco Group North America enhances both company’s Managed Service Program (MSP) and Recruitment Process Outsourcing (RPO) offerings and together becomes the largest providers of MSP and RPO with a full technology and services offering, managing a larger contingent workforce spend in the U.S. than any other competitor.