JuhlerGroup acquires Principal People
JuhlerGroup has acquired UK-based Principal People for an undisclosed sum.
Simon Bliss, managing director and owner of Principal People has been appointed to chief operating officer (COO) of the Danish-born JuhlerGroup.
As COO, Bliss will be responsible for the overall operation of the JuhlerGroup companies in coordinating sales, marketing and operation throughout the group’s 41 offices globally.
Josh Huggins will gradually take on more strategic responsibility at Principal People and will take on the role of managing director during 2017.
JuhlerGroup, founded in Denmark in 1979, owns an international group of recruitment companies
It has more than 40 offices in Denmark, Norway, Sweden, Finland, UK and Singapore and operates under brands including TEMP-TEAM, Talent-Team, Access Professionals and ERIK JUHLER.
Principal People has 20 consultants specialises in placing health and safety professionals within the UK. It has been in business nearly 30 Years.
The agency is expected to diversify to offer CSR and quality services in the future.
Commenting on the acquisition, Bliss, said, “Health and Safety are strongly expanding areas and I am sure that we as part of JuhlerGroup will be able to expand further not only in the UK but also abroad.
“What we liked about the Juhler Group was the opportunity to continue to develop the Principal People brand globally via their extensive coverage and client base and also the aligned culture and ethics of the business. They are nice people and working with them will be a pleasure. It is not only a good deal for shareholders but for our ambitious staff too; it will give them the opportunity to operate Internationally much faster than we could have organically developed ourselves.”
“Erik Dyrmann Juhler, chief executive of the JuhlerGroup, said, “This acquisition improves the profile of our group as well as expands our services and competences. The position and experience of Principal People will allow many of our existing clients to make use of their knowledge and competences.”
Flemming Poulfelt, chairman of the board of JuhlerGroup, added, “We see the appointment of Simon Bliss as COO as a fantastic opportunity to secure the integration of Principal People into our group. Too many acquisitions do not obtain the business potential that was the reason for the acquisition. As Simon Bliss is getting the active role of COO we secure that Principal People will get the necessary recognition and place within the group. In this way we can utilise new business opportunities.”