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USG People acquires Uniman

USG People acquires Uniman
 
USG People announces acquisition of Swiss staffing organization
 
USG People announces that it recently acquired 100% of the shares in Lausanne-based staffing organisation Uniman SA. Founded in August 2005, Uniman is active in specialist staffing and recruitment of qualified personnel for the industrial, construction and commercial sectors. The owners and current management of Uniman will remain with USG People and take up key management positions in both Switzerland and Italy.
 
USG People COO Eric de Jong said: This acquisition is a fine addition to our staffing activities in Switzerland and is in line with USG People's strategy to invest in specialist high-end staffing. It creates an even larger base for the expansion of our activities in the Geneva area, the second largest economic region in Switzerland. Uniman generates turnover of 10 million and has a strong operating margin. It is therefore a valuable asset to our Swiss activities.
 
The Swiss activities of USG People reported a turnover of 28 million in 2010 and now operates eleven branches in four of the five largest cities in the country.
 
The acquisition was paid for in cash and financed from our own resources.

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