(PRWEB) January 04, 2012
Advantage Resourcing, a Global workforce solutions company, announces the sale of the majority of its U.S. & UK subsidiaries (Advantage Resourcing International, “ARI”), for $410M to Recruit Co., Ltd. All ARI units except Advantage Federal were transferred effective December 30th, 2011.
Advantage Resourcing International’s $1.4B subsidiary operates in over 250 locations globally in the US, UK, Singapore, Hong Kong, Australia and Dubai. ARI’s 22,000 employees provide expertise in Engineering, IT, Financial, Human Resources, Marketing and General Labor job categories for their over 6,000 clients.
Charlie Abadie, Chairman and CEO of Advantage Resourcing notes: “this transaction provides great value for our investors, clients and employees and the culture, growth and success of Advantage Resourcing International was a good match for Recruit. Our award winning Advantage Resourcing International unit has recently been acknowledged for multiple achievements including Inavero’s 2011 Best of Staffing™ Talent List, HRO’s “Bakers Dozen” for #1 Managed Service Programs and HRO’s Mid Market On Demand RPO Leader. A special thank you to ARI’s employees….it was a pleasure working with such a fine group of professionals and I wish you great success in the future.”
Mr. Hitoshi Motohara, Board of Director and Managing Executive Officer of Recruit states: “the acquisition of Advantage Resourcing America Inc. and Advantage Resourcing Europe is consistent with our strategy for global expansion and industry leadership. We believe our strong success in Japan and our reputation as a market leader will align well with building a bridge to further offerings by adding the success and strong performance of the Advantage Resourcing organization.”
Please note Advantage Resourcing’s Japanese market leading Engineering & IT companies Ctec, Technopro, CSI, Science and N&C along with Technopro-China will be managed by a holding company, Prompt Holdings (renamed from Advantage Resourcing Japan). Charles Abadie will remain as Chairman & CEO and the existing management team running these operations remains intact. As the largest R&D staffing and Solutions Company in Japan our commitment to our employees and clients remains strong and will not be impacted by this transaction.
About Prompt Holdings:
With $850M in sales, and comprised of six (6) operating companies (Ctec, Technopro, CSI, Science, N&C, Technopro-China) with a marketplace presence over 20 years, Prompt Holdings is the largest and most diversified Technical Staffing and Solutions company in Japan. Our 11,000 employees support over 1,500 clients in Electrical, Mechanical, S/W Development, IT Support, Medical/Science Research and Construction Engineering requirements in Japan, China and throughout Asia. We assist clients in bringing innovative products to market through On-Site Staff and through our own Engineering Development Centers in Japan and China.
About Recruit Co., Ltd.:
Founded in 1960, Recruit is the largest HR provider in Japan and the largest vertical-focused classified media group. Its serviced industry includes bridal, housing, cars, travel, education, restaurant and beauty, etc. A $9.4 billion consolidated revenue private company.
Charles Abadie, Chairman & CEO