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Randstad Holding to acquire Japan’s Careo Group

Randstad Holding nv has announced that it has signed an agreement to acquire the entire share capital of Careo Group in Japan, doubling its presence in the Tokyo area, and in its IT/engineering business.

Careo Group was established in 1972 and has approximately 150 FTE, mainly focusing on temporary staffing of engineers, clerical workers and telemarketers.

Randstad Japan chairman and CEO, Marcel Wiggers, commented, "We are delighted to welcome the employees of Careo Group to Randstad. Careo Group has a strong track record in the Tokyo Metropolitan area, which is the country's most important market. The IT/Engineering segments are strong, both areas are a priority in our mid to long-term strategy. We look forward to jointly further accelerate our growth in this market."

Randstad Japan's President and COO, Satoshi Saruya, will be appointed president of Careo Group on 1st July 2016.

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