Randstad Holding nv has agreed to sell its Aerospace business, now part of YACHT TECCON in Germany and France, to Segula IndustrieHansa Deutschland GmbH.
Over the years, YACHT TECCON's Aerospace business has distanced itself from Randstad's core expertise mainly driven by certain industry trends which, for example, require to move into risk-sharing partnerships.
Segula IndustrieHansa is focused on becoming one of the leading forces in this market segment, where the know-how and expertise of YACHT TECCON's Aerospace business is highly valued. The divestment enables Randstad and YACHT TECCON to focus on core segments such as IT Services and also to develop new business lines in the future. In 2010, the Aerospace business generated revenue of around € 45 million.
The completion of this transaction is expected in Q4 2011, and subject to customary closing conditions. The transaction does not have a material impact on Randstad's earnings nor on its 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