The Swiss group Adecco, the world of agency work, just formalize this Tuesday the acquisition of the MPS U.S. $ 782 million. The operation, financed solely by equity group, should have a positive impact within three years, it said in a statement.
"The acquisition of MPS represents an important step in the strategy to strengthen Adecco in the business to higher margin work placements, which offer attractive growth over the coming years," said general manager Patrick de Maeseneire. The placement of activity currently represents about 25% of the turnover of the group, against only 17% last year, Adecco said.
The American group MPS, specialist investment particularly in the areas of information technology, finance, accounting and law, with 2008 sales of 1.5 billion euros. Its acquisition is expected to generate annual synergies with Adecco to 25 million euros.
The financial results for the third quarter will be published by Adecco November 5.