7S Group, a Jena, Germany-based provider of HR related services, has been acquired by ManpowerGroup.
The terms of the transaction were not disclosed (but reports said the amount of the deal was €136.5m).
H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, which had acquired a minority stake in 7S in 2010, sold the company in the deal.
Led by Dr. Christian Speidel, CEO, 7S Group offers comprehensive solutions in temporary staffing, business support services, and career services.
Its core areas include the sectors Healthcare, Catering, Aviation, IT, Engineering, Industry & Technology and Office Management. While operating mainly throughout Germany, the group employs more than 8,000 employees in over 200 offices, production facilities, technical offices and customer service centers.
It generated more than €310m in revenues in 2014.
The ManpowerGroup is a global provider of innovative solutions and services that enable companies to adapt to the changing working environment. The companies Manpower, Experis, ManpowerGroup Solutions and Right Management are all acting under the umbrella of the ManpowerGroup and are operating in 160 sites across Germany.
FinSMEs
06/09/2015