Information  X 
Enter a valid email address

Vedior NV (0J9M)

  Print   

Wednesday 15 June, 2005

Vedior NV

Acquisition

Vedior NV
15 June 2005

Amsterdam, The Netherlands



                         Vedior acquires two Specialist

                        Recruitment Companies in the US

                     For release at 9.00am on 15 June 2005


Vedior is pleased to announce it has acquired two specialist recruitment
companies based in the US increasing its presence in both the healthcare and the
finance and accounting sectors.

Zach Miles, Vedior's Chief Executive said, 'Vedior is committed to continually
improve its business mix. These acquisitions increase the Group's presence in
two complementary specialist niches as well as our exposure to the important US
market thus contributing towards a number of strategic objectives.

Locum Medical Group has achieved impressive growth over the past few years and,
given the anticipated of shortage of qualified physicians, demand for these
services should remain high. The Company's brand is very well-recognised within
its market sector.

Becker Executive Search and Becker Staffing Group are leading brands within
accounting and finance recruitment in the San Diego area and their services are
complementary to our established national presence in this sector.'



Locum

Vedior has acquired an initial 80% interest in the Locum Medical Group ('Locum
'), a provider of niche healthcare recruitment services.

Headquartered in Ohio, Locum specialises in the provision of temporary and
permanent physicians for group and solo practices, hospitals, government
facilities and long-term care facilities throughout the US. Locum achieved
audited annual sales to 31 December 2004 of $11.2 million (€9.0 million) and has
sustained an average sales growth rate of 35% over the last three years.

Locum's business is complementary to our existing healthcare recruitment
services in the US which provide nursing personnel in travel, contract, per
diem, private duty and permanent placement through our established Clinical One
brand.

Locum's existing management team will continue to develop the Company. The
outstanding 20% interest will remain with management of Locum with Vedior having
the right to acquire these shares in due course.

Becker Executive Search and Becker Staffing Group

Vedior has also acquired an initial 70% interest in the business of Becker
Executive Search (BES) and Becker Staffing Group (BSG), a San Diego-based
boutique recruitment firm with an accounting and finance focus.

BES is an executive search service that concentrates on high-level direct hire
searches. BSG specialises in the staffing of mid-level positions on a project
basis. BES and BSG are regarded as local market leaders within accounting and
finance recruitment, based on the growth of both their market share and
reputation over the past five years. BES and BSG achieved audited annual sales
to 31 December 2004 of $2.0 million (€1.6 million).

Vedior already has an extensive national network providing finance and
accounting recruitment in the US under the brands Accountants Inc., Acsys and
AccountPros as well as a growing presence in 12 other international markets.

BES will continue to operate under existing management with the brand Becker
Executive Search while BSG will be incorporated into Accountants Inc.'s
Californian operations. The outstanding 30% interest will remain with management
of the Company with Vedior having the right to acquire these shares in due
course.



These two niche acquisitions are in line with Vedior's strategy to expand our
professional/ executive recruitment services in the US market. The Group
currently provides professional/executive recruitment and managed services in
the US in the accounting and finance, engineering/technical, education,
healthcare, human resources, interim management, IT and legal sectors as well as
in traditional recruitment sectors.










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. Annual sales for 2004 were €6,467 million.

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. In order to meet client requirements for all
categories of personnel, 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                                  

a d v e r t i s e m e n t