Key points
- Randstad intends to acquire BMC in the Netherlands for an Enterprise Value of € 65 million
- BMC realized revenue of approximately € 102 million in the last 12 months to September 2016, adding about a third to the Dutch Professionals business of Yacht Group Nederland BV
- Randstad to become #1 player in professionals in the Dutch public sector
- the intended acquisition is in line with Randstad’s global strategic ambition to increase our Professionals business and will be EVA enhancing within 3 years
As part of Randstad’s global strategy to expand our footprint in the space of professionals (Bachelor and Master-educated candidates), Randstad Holding nv announces that its subsidiary Yacht Group Nederland BV intends to acquire BMC extending Yacht's leading position in the Dutch professionals segment, by obtaining a number 1 position in the public sector. It is envisaged that BMC will become the center of excellence for the public sector within the combined Dutch Professionals business. The intended acquisition is subject to consultation of the respective works councils and approval from the Netherlands Competition Authority (ACM).
BMC engages in secondment and organizational consultancy for the public sector, with a focus on local government (municipalities). BMC’s professionals business (80% of revenue) focuses on placements, secondment and freelancing services for primarily higher educated public sector professionals. In addition, BMC’s consultancy business engages in consultancy and research projects for the public sector, and operates in the field of executive search, recruitment and HR consultancy.
We are very excited to welcome BMC to our Professionals business in the Netherlands. BMC is a well-known player with a strong footprint in the public sector. By combining forces in secondment and consultancy we are able to better serve our respective clients, whilst creating exciting opportunities for our professionals. The addition of BMC’s consultancy business further enhances our capabilities as trusted adviser.
BMC has over 900 FTEs operating from 3 offices in Amersfoort, The Hague and Veldhoven, and generated revenue of approximately € 102 million in the last 12 months to September 2016.
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