Manpower has acquired 74% stake in Kolkata-based Web Development Company
Global staffing services firm Manpower has acquired 74% stake in Kolkata-based Web Development Company (WDC) for an undisclosed amount.
The acquisition would boost Manpower's overall capabilities, especially in the IT domain, across India and the Asia-Pacific region.
Operating as Manpower Services India Pvt Ltd, the entity already has good presence in the country.
"The acquisition of 74% stake in WDC will bolster our capabilities, mainly in the IT services area. The deal is part of our ongoing investments in India," Manpower Executive Vice-President Darryl Green said.
However, financial details were not disclosed.
WDC is mainly into IT staffing business and also offers application support services to many large clients in India and Asia Pacific. It has more than 1,400 employees.
"Backed by Manpower's global capabilities..., we are confident of further expanding our capabilities, geographical reach and client base in India and global markets," WDC promoters Rahul Sharma and Harsh Hada said.