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Adecco, the world leader in Human Resources services, has announced that the company signed an agreement to acquire 100% of Tuja
Group for a total consideration of around EUR 800
million. With this transaction, Adecco significantly strengthens its
position in the German temporary staffing market, one of the fastest
growing of its kind in the industry worldwide.
Dieter Scheiff, CEO of the Adecco Group, said: "This
is an important day for Adecco. I consider the German market as one of
the most interesting ones in our industry. With only 1% temporary
staffing penetration, this market benefits from structural changes and
thus promises sustainable growth."
Peter Jackwerth and Thomas Bäumer, CEO and COO of
Tuja Group added: "We are very pleased to become part of the Adecco
Group. We are convinced that together with Adecco we can better sustain
our strong growth in revenues and earnings, while offering exciting
perspectives to our associates and colleagues." The two successful
entrepreneurs are committed for the upcoming years to stay with Adecco
and secure its future success.
With estimated revenues of around EUR 650 million in
2007, Tuja Group is one of the leading temporary staffing companies in
Germany.
About Adecco
Adecco Group is the world market leader in Human
Resource services with sales of EUR 20.4 billion in 2006. The Adecco
network connects over 700,000 associates with business clients each day
through its network of 35,000 employees and 6,700 offices in over 70
countries and territories around the world. Headquartered in
Switzerland, and managed by a multinational team with expertise in
markets spanning the globe, Adecco delivers an unparalleled range of
flexible staffing solutions and career services to clients and
associates.
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