ManpowerGroup to Acquire Norway's Largest Contingent Staffing Specialist
within Building and Construction Sector
OSLO, Norway, Feb. 25, 2013
OSLO, Norway, Feb. 25, 2013 /PRNewswire/ --ManpowerGroup (NYSE: MAN), the
world leader in innovative workforce solutions, announced today it has entered
into an agreement to acquire Workshop Holding AS, which, in turn, owns
Workshop Bemanning og Kompetanse AS, Norway's largest recruitment specialist
in the construction sector. Workshop Holding was formerly controlled by
private equity company Borea Opportunity.
With this acquisition, Workshop Bemanning will be incorporated into
ManpowerGroup Norway's Manpower brand, further elevating Manpower's position
as the leader in contingent and permanent staffing, providing organizations of
all sizes with a continuum of staffing solutions to enhance business agility
and competitiveness. The combined entities increase the number of Manpower
associates on assignment daily in Norway to approximately 7,000.
"This acquisition will further strengthen our company's Manpower staffing
business, and therefore its ability to provide the agility and flexibility
required to drive business success for our clients," said Hans Leentjes,
ManpowerGroup President of Northern Europe. "This move also represents an
excellent cultural fit, as Workshop Bemanning shares ManpowerGroup's
philosophy of providing an outstanding candidate experience to ensure we
attract and retain the best talent available."
"Companies in the Norwegian construction industry sector are increasingly
seeking flexible recruitment services, with national investments in
infrastructure development and an ever-increasing need to refurbish public
buildings," said Maalfrid Brath, ManpowerGroup Norway Managing Director. "This
acquisition will allow ManpowerGroup Norway to increase its market share
within this industry sector, and is part of our long-term strategy to dominate
"We are very satisfied with our investments in this segment and in the
development of Workshop. We are delighted that such a major global
organization such as ManpowerGroup has seen the potential of our company and
wants to take it a step further," said Dag Sorsdahl, Chairman of the Board for
Workshop and a partner in Borea Opportunity.
The acquisition agreement is pending approval from the Norwegian Competition
Authority and is projected to be completed in April of this year.
ManpowerGroup™ (NYSE: MAN), the world leader in innovative workforce
solutions, creates and delivers high-impact solutions that enable our clients
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