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ManpowerGroup announces acquisition of 100% equity stake in Web Development Company Limited

ManpowerGroup announces acquisition of 100% equity stake in Web Development Company Limited (WDC) to provide IT Services and Professional Resourcing in India

WDC Becomes Wholly-Owned Subsidiary of Experis, ManpowerGroup's Global Leader in Professional Resourcing

ManpowerGroup has announced that it has successfully completed its acquisition of the remaining 26 percent stake in Kolkata-based Web Development Company Limited (WDC), a leading IT services and professional resourcing company offering consulting, development and application support services to several large clients in India and across the Asia Pacific region. In March 2011, ManpowerGroup acquired a 74 percent stake in WDC.

With this acquisition, WDC becomes a wholly owned subsidiary of ManpowerGroup's Experis brand, the global leader in professional resourcing and project-based workforce solutions.

"Experis is adept at attracting the highly-skilled professionals that companies need to grow their business and enhance their competitiveness, and this acquisition further strengthens its unmatched capability to do this throughout the region," said Darryl Green, ManpowerGroup President, Asia Pacific and Middle East. "Our expert recruiters recruit experts with the right blend of IT skills and experience to create enhanced partnerships and achieve accelerated results."

Employers in the region continue to be challenged in their search for qualified IT talent. ManpowerGroup's recent 2012 Talent Shortage Survey revealed that IT roles are the jobs Indian employers have most difficulty filling, and in fifth place across the region as a whole.

"Our selective acquisition of WDC has enhanced and strengthened the position of Experis in response to the demands and needs of clients," said Sanjay Pandit, Managing Director of ManpowerGroup India. "Employers continue to face frustration in their efforts to source highly-skilled professionals in the IT vertical, but Experis has the expertise and experience to give them the edge in the pursuit of talent."

"Since becoming associated with ManpowerGroup, WDC has been able to leverage ManpowerGroup's local expertise, global footprint and experience spanning over 60 years to further expand our capabilities and client base and deliver better, faster results," said Rahul Sharma and Harsh Hada, Executive Directors and Promoters of WDC.

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