Kelly Services Expands Into Portugal

Freitag, 11.07.2008 08:05 von Hugin - Aufrufe: 117

TROY, MI--(Marketwire - July 11, 2008) - Kelly Services, Inc.
(NASDAQ: KELYA) (NASDAQ: KELYB), a global human resources solutions
provider, announced today that it has signed an agreement to acquire
all of the shares of the Portuguese subsidiaries of Randstad Holding
N.V., Randstad - Empresa de Trabalho Temporário, Unipessoal, Lda and
Randstad - Gestão de Processos, Lda. Terms were not disclosed. The
transaction is expected to close during the third quarter of this
year.
 
The acquisition is subject to approval of the European Commission. In
the process of obtaining approval from the European Commission of its
recently completed acquisition of Vedior, N.V., Randstad announced on
March 28, 2008 that it would divest its activities in Portugal.
 
The sale includes 13 branch offices and 15 on-site locations serving
the entire Portuguese staffing market. In addition to traditional
temporary staffing services, current business lines also include
on-site personnel management, and permanent placement. As a part of
the transaction the current management team, including Frank
Weermeijer, general manager, is expected to remain in place.
 
The purchase will mark Kelly's initial entry into the Portuguese
market. "This acquisition supports our strategy of global growth to
serve our world wide customer base with a full array of human
resources solutions," said Carl Camden, president, and chief
executive officer. "We look forward to entering the Portuguese
market, and are genuinely excited about seizing future opportunities
by building on the solid foundation Randstad has built there."
 
"We are very pleased to be joining the Kelly Services organization,"
said Frank Weermeijer, general manager. "Kelly's reputation for
excellent client service, integrity, and innovative staffing
solutions makes this transaction a good fit both for us, and for our
customers."
 
About Kelly Services, Inc.
 
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a world
leader in human resources solutions headquartered in Troy, Michigan,
offering temporary staffing services, outsourcing, vendor on-site and
full-time placement. Kelly operates in 37 countries and territories.
Kelly provides employment to more than 750,000 employees annually,
with skills including office services, accounting, engineering,
information technology, law, science, marketing, creative services,
light industrial, education, and health care. Revenue in 2007 was
$5.7 billion. Visit www.kellyservices.com.
 
ANALYST CONTACT:
James Polehna
(248) 244-4586
james_polehna@kellyservices.com
 
MEDIA CONTACT:
James McIntire
(248) 244-5370
james_mcintire@kellyservices.com
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