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

Jan 20, 2010, 08:30 ET from Adecco Group North America

MELVILLE, N.Y., Jan. 20 /PRNewswire/ -- 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(1) 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 companies' Managed Service Program (MSP) and Recruitment Process Outsourcing (RPO) offerings and together become 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.

About the Adecco Group:

The Adecco Group, based in Zurich, Switzerland, is the world's leading provider of HR solutions. With over 28,000 FTE employees and more than 5,700 offices, in over 60 countries and territories around the world, Adecco Group offers a wide variety of services, connecting more than 500,000 colleagues with over 100,000 clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. The Adecco Group is a Fortune Global 500 company.

Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) with listings on the SIX Swiss Exchange (ADEN) and on Euronext in France (ADE).

About Adecco Group North America:

Every day we provide our clients with the talent they need, and help solve the business challenges they face today – and will encounter tomorrow. Our clients rely on us for a wide range of workforce solutions including:

  • Contingent staffing and direct hire recruitment for large enterprise organizations across all skill sets
  • Workforce solutions and consulting including Managed Services Programs (MSP) & Recruitment Process Outsourcing (RPO)
  • Career transition and leadership consulting
  • Specialty staffing, project solutions and consulting services

Additional information is available through our websites at www.adeccogroupna.com and www.adeccousa.com.

(1) Spot exchange rate: 1.49 USD/EUR

SOURCE Adecco Group North America



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