HR Software Company to Acquire Recruitment Process Outsourcing Company
Wednesday, February 10th, 2010One popular HR software (Click here) company will soon acquire an up-and-coming recruitment process outsourcing (Click here) company.
Manpower Inc., a leader in the employment services industry, recently announced that it will acquire COMSYS IT Partners, Inc., a professional staffing firm. The deal is valued at $431 million, including $17.65 for each outstanding share of COMSYS common stock and net debt assumed by Manpower.
COMSYS’ professional IT staffing services will be integrated with Manpower Professional and combined with Elan, Manpower’s European IT staffing business. Those moves will create an entity with total revenues of more than $2.5 billion. The number of professional consultants on assignment with Manpower will increase to more than 25,000.