ManpowerGroup acquisition history

Jefferson Wells International was a Wisconsin-based professional services provider of internal audit, accounting, technology and tax services, operating a network of offices throughout the United States and Canada. The acquisition, disclosed in ManpowerGroup's Q1 2001 Form 10-Q, moved Manpower into higher-value professional services beyond its core staffing business. approximately $174 million.

Right Management Consultants was the largest career transition and organizational consulting services provider in the world. It generated revenues of about $344 million and net income of $31 million through the third quarter of 2003 and was expected to reach roughly $450 million in annual 2003 revenues. Manpower acquired it via an exchange offer and second-step merger, completing the exchange offer on January 22, 2004 and consummating the merger on January 23, 2004. approximately $488 million ($18.75 per share).

The acquisition of Right is an exciting and compelling opportunity for us to expand the range of services that we provide to our customers around the world in a direction that is consistent with our business strategy, and where customer demand is growing.Jeffrey A. Joerres — Chairman & CEO, Manpower Inc.

COMSYS IT Partners was a leading professional IT staffing firm that also provided Managed Service Program (MSP) and Recruitment Process Outsourcing (RPO) offerings. Manpower acquired it through an exchange offer at $17.65 per share, electable as cash or Manpower stock on a 50/50 basis. When combined with Elan, Manpower's European IT staffing business, the deal created an entity with total revenues of more than $2.5 billion and increased Manpower's professional staffing footprint to more than 400 offices worldwide. total enterprise value of $431 million ($17.65 per share).

The acquisition of COMSYS is consistent with our strategy and strengthens the continued expansion of our professional staffing services and outcome-based solutions.Jeff Joerres — Chairman & CEO, Manpower Inc.

ettain group, founded in 1996, was one of the largest privately held IT resourcing and services providers in North America, with 28 offices across 24 key regions and particular strength in Financial Services, Healthcare IT, Government and Technology clients. For the twelve months ended June 30, 2021, ettain had pro forma revenues of approximately $724 million and pro forma EBITDA of approximately $75 million. It became part of Experis, ManpowerGroup's global IT resourcing and services brand. $925 million in cash.

We're pleased to be announcing the acquisition of ettain, which accelerates our strategy of diversifying our business mix into higher growth and higher value services, continuing the expansion of our U.S. and global Experis IT resourcing and services business.Jonas Prising — Chairman & CEO, ManpowerGroup

On April 3, 2019, ManpowerGroup acquired the remaining 51% controlling interest in its Swiss franchise (Manpower Switzerland) to obtain full ownership of the entity, and as part of the same purchase agreement acquired the remaining 20% interest in Experis AG. Manpower Switzerland provides contingent staffing services under the Manpower brand across Switzerland's four main language regions. $219.5 million aggregate cash consideration, funded through cash on hand.

The 7S Group is a specialized German provider of human-resource services focused on core sectors including skilled trades, engineering and IT. ManpowerGroup acquired it to broaden its specialist workforce-solutions capabilities in Germany.

ManpowerGroup, through its French subsidiary Proservia, acquired the desk-side and end-user support services arm of Atos, adding helpdesk and desktop support in the IT infrastructure sector. More than 800 Atos employees transferred to Proservia.

ManpowerGroup acquired the Norway business of Ciber, Inc., an IT consulting, services and outsourcing company, including 130 employees. The business complements ManpowerGroup's Experis professional-resourcing arm.

ManpowerGroup completed its acquisition of the remaining 26% of Kolkata-based Web Development Company Limited (WDC), a leading IT services and professional-resourcing company, making it a wholly owned subsidiary of the Experis brand. ManpowerGroup had acquired an initial 74% stake in March 2011.

ManpowerGroup acquired the Australian and Singapore arm of Greythorn, a professional-services and recruitment firm specializing in technology and finance, along with its banking and finance subsidiary Marks Sattin. The businesses operate under the Experis brand.