Staffing firm confirms £112m European acquisition

Gi Group Holding, the Italian parent company of Chesterfield-based recruitment firm Gi Group, has confirmed a deal to buy the European staffing business of NASDAQ-listed Kelly in a deal worth around £112m.

The deal, first announced in November, is the largest acquisition in Gi Group Holding’s history and increases its revenues to €5bn. It will also mean Gi extends its activities in 11 countries, such as France, Portugal and Switzerland, and additionally brings its services to Belgium, Luxembourg and Norway.

“This is a very exciting day for as we close our 51st acquisition, our largest one to date, and a fundamental step in our growth trajectory to become a global leader in HR services,” said Gi Group Holding founder & CEO Stefano Colli-Lanzi.

He added: “This equally goes hand in hand with our emphasis on ensuring a positive contribution to the labour market, and, as such we are grateful to have found in Kelly a complementary partner. We’re looking forward to welcoming hundreds of new colleagues to our family who will undoubtedly give a valuable contribution to further our mission of disseminating and implementing sustainable work all around the globe.”