Financial Times FT.com

Adecco boosts professions via MPS

By Haig Simonian in Zurich

Published: October 20 2009 08:02 | Last updated: October 20 2009 19:44

Adecco pushed into professional staffing on Tuesday as the world’s biggest temporary employment group said it would pay €865m ($1.3bn) for US-based MPS Group.

The acquisitions will bring Adecco the task of finding temporary jobs for professionals, which is significantly more lucrative than its trademark clerical and blue collar activities.

A sign at the Adecco SA headquarters in Glattbrugg, Switzerland

Adecco, the world's biggest temporary employment agency, is to pay €865m for MPS as it seeks to expand into higher margin businesses

EDITOR’S CHOICE

Lex: Adecco / MPS - Oct-20

Adecco statement - Oct-20

The Monday interview: Patrick De Maeseneire of Adecco - Sep-20

Temp companies brave chill wind - Aug-24

Impairment costs push Adecco into loss - Aug-11

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