Recruit Holding, Japan’s biggest Staffing and Recruitment service provider, who has bought indeed in 2012 and Australian Staffing firm Peoplebank and who also gradually invests in (HR) startups – HackerRank for example, have announced the acquisition of Dutch recruitment comapny USG People.
Recruit aims at being the global HR Business by 2020, and the European market is very attractive for them.
Let’s see how they will fare in Europe, in particular in Germany, Switzerland and France, which should not be very easy targets.
Here’s some deeper information about the deal and its size, taken from their press release on StaffingIndustry:
“Recruit Holdings and USG have reached a conditional agreement (merger protocol) on an all-cash tender offer of EUR 17.50 (USD 19.12) a share for USG People. The offer price represents a 30.6% premium over the closing price of 21 December 2015, a 30.6% premium over USG’s 3 month volume weighted average price (“VWAP”) and a 41.1% premium over USG’s 12 month VWAP preceding 21 December 2015.”