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Vedior NV (0J9M)


Wednesday 25 October, 2006

Vedior NV

Acquisition of Armadillo

Vedior NV
25 October 2006

Amsterdam, The Netherlands

Acquisition of interim management specialist provides Vedior with leading market
                                 position in UK
                    For release at 8.00am on 25 October 2006

Vedior is pleased to announce that Albemarle Interim Management ('Albemarle'),
its specialist interim management subsidiary, has acquired a 70% interest in
Armadillo UK Limited ('Armadillo' or 'the Company'), a leading UK interim
management company.

Founded in 1995, Armadillo provides high-calibre managers, qualified
professionals, management consultants and subject-matter experts on an interim
management basis. The Company has an enviable portfolio of blue-chip clients
including top financial services companies, in particular retail and investment
banks, a mix of leading consumer and manufacturing companies, public sector
organisations and many well known technology companies. These services and
sectors are complementary to the business of Albemarle.

In May 2006, Albemarle also acquired Walker-Cox, another UK-based interim
management specialist. Alan Horn, the CEO of Albemarle comments, 'Our strong
organic growth in 2006 and the addition of both Walker-Cox and Armadillo to our
portfolio of interim management brands, means that Albemarle is now the largest
provider of interim management services in the UK.' Vedior also provides interim
management services throughout Europe as well as a number of other international

Zach Miles, Vedior's Chief Executive said, 'The acquisition of Armadillo further
extends and broadens our strength in the interim management sector.  Vedior is
in an excellent position to capitalise on market opportunities in this
high-margin business.'

Based in Bath, Armadillo achieved (audited) annual sales of £7.5 million (€10.9
million) up to 31 December 2005.

Armadillo's existing management team will continue to develop the Company and
the outstanding 30% interest will remain with management.

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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