Benefits

European Agency Approves Adecco Acquisition of MPS

By Staff Report

Dec. 18, 2009

The European Commission approved Adecco SA’s acquisition of MPS Group Inc., saying the deal would not hinder competition in the European Economic Area.


Adecco’s and MPS’ operations significantly overlap only in providing information technology, legal and financial workers in the United Kingdom, according to the European Commission.


However, “the proposed acquisition would not raise competition concerns in these sectors as the merged entity would continue to be constrained by strong competitors,” the commission wrote Friday, December 18.


Adecco announced its offer to buy MPS in October for $13.80 a share in a deal valued at $1.3 billion.


MPS ranked No. 13 on Staffing Industry Analysts’ list of largest U.S. staffing firms. In addition to providing professional staffing, MPS also operates the Beeline vendor management system.


Adecco is the world’s largest staffing firm in terms of revenue.



Filed by Staffing Industry Analysts, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.


Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.



 

Schedule, engage, and pay your staff in one system with Workforce.com.

Recommended

Join over 52,000 of your HR peers

Don't miss out on the latest tactics and insights at the forefront of HR.