Randstad Holding nv has agreed to sell its French subsidiary Selpro to a Activa Capital, a French mid market private equity company, in association with the management team.
In 2009, Vediorbis and Randstad have been integrated and rebranded to Randstad, reinforcing a strong number 3 position in the French staffing market. In 2009 the combined French businesses generated revenue of € 2.9 billion.
Selpro, a staffing company with 42 branches and operating through 4 brands, primarily targeting small and mid-size enterprises, has always been managed with a high degree of autonomy. In 2009, Selpro generated revenue of € 63 million. The divestment is in line with Randstad’s strategy to focus on a limited number of brands, a strong unified culture, and harmonized concepts and processes.
The transaction, that still needs to be approved by the French anti-trust authorities, is expected to be completed in September. The transaction is expected not to have a material impact on Randstad’s profit or financial position.
about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com