ManpowerGroup acquired Manpower Switzerland (and remaining interest in Experis AG) for $219.5 million aggregate cash consideration, funded through cash on hand, a transaction completed in April 2019, structured as Acquired the remaining 51% controlling interest in the Swiss franchise (Manpower Switzerland) to obtain full ownership, and, under the same purchase agreement, the remaining 20% interest in Experis AG (all cash).
Manpower Switzerland (and remaining interest in Experis AG) operates in Southern Europe. 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.
Obtained full ownership of its Swiss operations, a significant Southern Europe market.
Advisory firms were not disclosed for this transaction.