Randstad to sell French subsidiary Selpro

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Algemeen advies 23/07/2010 08:40
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.


Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. Since acquiring Vedior in 2008, the Randstad Group is the second largest HR services provider in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland and the UK, as well as major positions in Australia and the United States. End 2009 Randstad had approximately 25,500 employees working from over 4,100 branches and inhouse locations in 44 countries around the world. Randstad generated a revenue of € 12.4 billion in 2009. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com



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