Connecting to LinkedIn...

Blank

Randstad completes small divestments

Randstad completes small divestments

On January 12, 2012 Randstad completed the divestment of the payrolling business of Ma Foi Randstad in India. Randstad has sold these activities to Automatic Data Processing Inc. (Nasdaq: ADP). This divestment enables Ma Foi Randstad to focus on its core activities in India, which are Search & Selection, Staffing and HR Solutions.

While further streamlining its portfolio, Randstad also exited Angola. On January 2, 2012 Randstad sold its subsidiary Select Vedior Lda in Angola to its management.

Finally, Randstad completed the divestment of Yacht Teccon’s Aerospace business as of December 31, 2011. This transaction was announced in a press release on November 8, 2011.

These transactions do not have any material impact on the results or financial position of the Randstad Group.

Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. Randstad is one of the leading HR services providers in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK and the United States, as well as major positions in Australia and Japan. End 2010 Randstad had approximately 27,500 employees working from close to 4,200 branches and inhouse locations in 43 countries around the world. Randstad generated a revenue of &euro 14.2 billion in 2010. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com

Tags:

Articles similar to

Articles similar to