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Vedior NV (0J9M)


Thursday 19 July, 2007

Vedior NV


Vedior NV
19 July 2007

Amsterdam, The Netherlands

                       Vedior acquires US engineering and
                        technical recruitment specialist

                     For release at 8.30am on 19 July 2007

Vedior is pleased to announce that it has acquired Think Resources Inc. ('Think'
or 'the Company'), a provider of engineering and technical professionals in the

Based in Norcross, Georgia, Think specialises in the supply of temporary
personnel and permanent placement primarily in the petrochemical, power
generation and engineering sectors.

The US market for engineering and project services in the power, energy and
heavy industrial sectors is growing and increasing skills shortages are
anticipated. In 2005, the US Congress passed the Energy Policy Act in order to
address supply problems and long standing under-investment within the energy
sector. The Department of Labor projects that jobs requiring science,
engineering and technical training will increase 51% from 1998 to 2008 and
current data indicates that this growth is occurring.

Zach Miles, Vedior's Chief Executive said, 'The energy industry has faced two
decades of boom and bust which have led to some of the industry's best prospects
finding work in more stable sectors. Some energy analysts predict that their
industry is in danger of running out of employees faster than it runs out of oil
or gas. Think has a leading presence in what is now a very high demand sector
and we look forward to supporting them as they grow their business.'

Think sees additional opportunities to take advantage of strong demand for its
services in the US by leveraging Vedior's international recruitment expertise.
Vedior already has a strong presence within the engineering/technical
recruitment sector with operations in Argentina, Australia, Belgium, Canada,
Eire, France, Germany, India, Netherlands, New Zealand, Middle East, Portugal,
Singapore, South Africa, Switzerland and the UK. As one of the Group's fastest
growing industry sectors, Vedior's annual 2006 sales from engineering/technical
recruitment amounted to €463 million.

Greg Netland, member of Vedior's Board of Management and zone manager for North
America said, 'Vedior's presence in engineering/technical recruitment has been
developing strongly in recent years. The addition of Think to our network means
that Vedior now has a stronger US footprint within this fast growing sector and
contributes to the Group's strategy of diversifying our presence within
professional/executive recruitment.'

Think has a particularly strong internet presence through high profile websites
such as,,,, and According to, an independent assessor of website popularity, Think ranks third
among recruiting and placement providers, a notable performance given their
niche focus.

For the twelve months up to 31 December 2006, Think achieved (audited) sales of
$46.5 million (€37.0 million).

Company Profile:

Vedior is one of the world's largest recruitment companies and is a full-service
recruitment provider with a diversified portfolio of brands targeting a broad
range of industry sectors.

From its global network of offices spanning Europe, North America, Australasia,
Asia, South America and Africa, Vedior offers temporary and permanent
recruitment as well as a number of complementary employment-related services
such as outplacement, HR outsourcing, payrolling and training.

Vedior has a leading market position in the provision of professional/executive
recruitment in sectors such as information technology, healthcare, accounting,
engineering and education. We also have a significant global network providing
administrative/secretarial and light industrial recruitment.

For further information, please contact:

Zach Miles, Chief Executive                              +31 (0)20 573 5609

Frits Vervoort, CFO

Jelle Miedema, Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                           

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