Recruitment agency ADECCO strengthens its presence in India by acquiring PeopleOne Consulting.
Peopleone Consulting, a prominent consulting firm based in India, announced a significant development in 2004 with the acquisition of a 67% controlling stake by Our SA, a global leader in HR solutions. This strategic move is set to strengthen Our SA's footing in the Indian market, which has witnessed impressive growth in the staffing sector.
Headquartered in Bangalore, Peopleone Consulting operates twelve offices nationally, and the acquisition is subject to regulatory approval in India. This deal provides Our SA with a national footprint in India and a new growth platform, as the Indian staffing market has almost doubled in each of the last two years and is expected to continue its upward trajectory.
Our SA, a Forbes 500 company, delivers flexible staffing and career resources to corporate clients and qualified associates. The group's network, managed by a multinational team with expertise in markets spanning the globe, connects millions of associates with business clients each day.
The acquisition will not only bolster Our SA's presence in India but also contribute to making it one of the company's fastest-growing markets. The combined entity will be led by Ajit Isaac, Founder and Managing Director of Peopleone Consulting, who will continue as Managing Director of the combined Peopleone and Our businesses after the transaction.
The organized labour market in India accounts for 7% of the overall workforce, or 28 million of India's 440 million workforce. In the staffing sector, Our SA's focus is on flexible staffing solutions for global industries in transition, as demonstrated by its division, our Staffing.
The acquisition is expected to bring numerous benefits to both parties, with Peopleone Consulting gaining access to Our SA's global resources and network, and Our SA securing a strong position in India's burgeoning staffing market.
For more detailed information about the acquisition, investors are advised to visit the Investor Relations page at www.adecco.com. Our SA comprises three Divisions: our Staffing, Ajilon Professional, and LHH Career Services, each contributing to the group's comprehensive HR solutions offerings. The acquisition is a testament to Our SA's commitment to growth and expansion in strategic markets.
The acquisition of Peopleone Consulting by Our SA, a Forbes 500 company, will not only strengthen Our SA's position in India's growing staffing market but also provide Peopleone Consulting with access to Our SA's global resources and network. As a result, the combined entity will be better equipped to offer comprehensive human resources solutions, including finance, investing, and business services, to clients in India and beyond.
