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Vedior NV (0J9M)

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Tuesday 02 May, 2006

Vedior NV

Vedior acquires CNC Global

Vedior NV
02 May 2006




Amsterdam, The Netherlands





                         Vedior acquires CNC Global Ltd

                      For release at 8.00am on 2 May 2006





Vedior is pleased to announce that it has acquired a 93% interest in CNC Global
Ltd ('CNC Global' or 'the Company'), Canada's leading provider of IT recruitment
and resource management solutions.

CNC Global provides temporary/contract staffing and permanent recruitment as
well as a full range of Recruitment Process Outsourcing (RPO) solutions
including contractor administration, payroll administration, vendor management,
contact centre staffing, recruitment advertising and HR communications. In
February 2006, CNC Global was named one of 'Canada's 50 Best Managed Companies'
by one of the country's leading business award programmes and, in April 2006,
was ranked 4th best small business employer in Canada by Hewitt Associates.

Zach Miles, Vedior's Chief Executive said, 'Through the acquisition of CNC,
Vedior contributes towards two important strategic objectives. Firstly to
increase the proportion of sales we derive from higher-margin professional/
executive business and secondly, to further develop our presence in the North
American market.

Vedior provides information technology recruitment globally and CNC Global
complements the strong brands we already have operating in this sector in the
US, Europe and Australia as well as providing the opportunity to expand our
range of services to existing and new clients.'

Established in 1981, CNC Global Ltd achieved audited annual sales for the year
ended 31 January 2006 of CAD256 million (€173 million).

Headquartered in Toronto, CNC Global has 10 offices through which it is able to
service the Canadian technology market nationally. The Company's client
portfolio covers more than 40% of the Toronto Stock Exchange in sectors such as
banking, financial services, high-tech, retail, telecommunications, computer
software & services, and government/non-profit.

The outstanding 7% interest will remain with management of the Company with
Vedior having the right to acquire these shares in due course.













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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