Shareholders within MPS Corporation endorse the acquisition by Adecco
World's Leading HR Solutions Provider Acquires MPS Group
On January 15, 2010, the world's leading provider of HR solutions, headquartered in Zurich, Switzerland, announced the approval of its acquisition of MPS Group by MPS Group shareholders. This acquisition marks a strategic move to expand service offerings, client base, and geographic reach in the HR solutions industry.
The acquiring company, a Fortune Global 500 company, aims to broaden its portfolio in professional staffing, outsourcing, and consulting services. MPS Group, a prominent human resource outsourcing and consulting firm, was acquired to strengthen the buyer’s position in the global HR outsourcing market.
The deal significantly increases the acquiring firm's size and scope in the HR outsourcing sector, making it one of the largest global providers. The combination of two complementary service portfolios will deliver enhanced human capital solutions on a global scale, allowing the acquirer to access MPS Group's established client relationships and service platforms.
MPS Group, the entity being acquired in the transaction, offers a wide variety of services in the categories of temporary staffing, permanent placement, outsourcing, consulting, and outplacement. The group operates in over 60 countries and territories around the world, with more than 28,000 FTE employees and more than 5,700 offices worldwide.
The special meeting to approve the acquisition was held on January 15, 2010. The transaction is a merger agreement subject to regulatory approvals. After receiving all necessary regulatory approvals, the positive vote of MPS Group shareholders represents the final substantive step towards the successful completion of the transaction, which is anticipated on January 19, 2010.
For media inquiries, contact the group's Corporate Press Office at [email protected] or +41 (0) 44 878 87 87. For investor relations, contact [email protected] or +41 (0) 44 878 89 89. The group is registered in Switzerland (ISIN: CH0012138605) with listings on the SIX Swiss Exchange (ADEN) and on Euronext in France (ADE).
Unfortunately, more specific details such as the acquisition price and further financial and operational details about the transaction could not be found in the provided search results. However, based on prior knowledge, this acquisition involved Adecco Group, which aimed to bolster its professional staffing and workforce solutions globally. Adecco was indeed the world's leading HR solutions provider at the time, and the transaction aligned with its strategy to expand its global footprint and service capabilities.
- The acquisition of MPS Group by the world's leading HR solutions provider, Adecco Group, is aimed to strengthen its position in the global HR outsourcing market, especially in areas of permanent placement, temporary staffing, and outsourcing.
- As a Fortune Global 500 company, Adecco Group intends to broaden its portfolio in the finance sector, with the hope that this strategic move will incorporate more industry-specific consulting services.
- With the acquisition of MPS Group, Adecco Group will be able to offer enhanced human capital solutions on a global scale, benefiting from MPS Group's established client relationships and service platforms in over 60 countries and territories.
