Outsourcing Inc set to acquire CPL
OUTSOURCING Inc has announced that it has agreed the acquisition of Cpl Resources plc for €318 million or JPY38.9 billion.
Cpl is listed on the Euronext Growth Market operated by Euronext Dublin and the AIM Market of the London Stock Exchange.
The Acquisition will be made through the cash purchase of all issued and to-be issued ordinary shares of Cpl under a scheme of arrangement pursuant to Irish law. The Acquisition has already been approved by the Company’s board of directors but is still subject to approval by Cpl’s shareholders and the Irish High Court. Cpl’s board of directors has unanimously recommended that its shareholders vote in favour of the Acquisition.
The OUTSOURCING Group provides human resources outsourcing services as its core business and has been working on expanding its pool of engineers and specialists to create a global HR platform.
Cpl is Ireland’s largest player in temporary staffing, placement and outsourcing services and specialises in staffing for the IT, healthcare, and pharmaceutical industries. By acquiring Cpl’s customer base and widely ranged HR services, the OUTSOURCING Group believes that it can further expand its business in Europe and globally.