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Adecco Group UK Completes Spring Deal

Adecco Group UK Completes Spring Deal

Adecco Group UK & Ireland is delighted to today announce the successful acquisition of Spring Group plc, in a move that will see Springs Peter Searle take control of Adeccos UK& Ireland businesses as Chief Executive Officer and participate in the Adecco Groups Executive Committee.

The deal, which follows a period of consultation in accordance with the Scheme of Arrangement procedure, since Adecco declared its initial interest in acquiring Spring Group plc on August 11th, will see the latters resources redeployed under the Adecco banner, creating one of the largest forces in UK recruitment and staffing.

This deal will see the best qualities of two very successful recruitment firms combined into one powerhouse organisation, and I am honoured to be charged with the responsibility of ensuring that Adecco Group UK & Ireland enjoys the full benefit of this major acquisition, said Searle. From my own experiences of being Country Head Adecco UK & Ireland in the past, and most recently CEO at Spring Group plc, I know that both these organisations are filled with passionate, dedicated people who will be determined to meet the challenges of a more difficult market head on, and Im pleased to be leading them.

Searle, who held a number of roles with Adecco before joining Spring Group as CEO in October 2006, will take control of the combined recruitment operation across the UK and Ireland. The acquisition will strengthen Adeccos UK market position with the addition of Springs specialist expertise in a range of areas that extend from Recruitment Process Outsourcing (RPO) to HR consultancy and managed IT and telecommunications services.

The portfolio of existing brands within Adeccos UK and Irish set up which, alongside the mainstream staffing operation, include secretarial specialist Office Angels, dedicated IT recruiter Computer People, engineering and technical division Roevin and the finance centric Ajilon brand will continue to operate as they did prior to the acquisition, as will the Spring Group brands.

We have no immediate plans to change the very successful and tailored blend of brands that sit within the expanded Adecco Group, but will instead be looking at how we can enhance the companys existing offering with the skills and talents that the acquisition of Spring will bring, confirmed Searle.

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