February 20, 2017 – ManpowerGroup has signed a purchase agreement with Ciber, Inc., a global information technology consulting, services and outsourcing company, to acquire its business in Spain. Financial terms of the acquisition were not disclosed.
The deal builds on ManpowerGroup’s already established business in Spain. Since 1988, ManpowerGroup Spain has offered workforce solutions across its five brands — Manpower, Experis, ManpowerGroup Solutions, Futurskill and Right Management. It now has 120 locations in the country and more than 600 employees, offering a broad range of staffing, development and workforce management solutions.
A Shifting Business Mix
“As our clients continue to invest in and upgrade their technology platforms, this acquisition will help us meet the fast-growing demand for IT support and provide the solutions they need,” said EVP Raul Grijalba, ManpowerGroup Spain. “Ciber Spain’s deep industry knowledge and expertise are a natural fit within the ManpowerGroup family, and will help us continue to shift our business mix towards higher value services for both clients and candidates.”
The sale of Ciber Spain reflects Manpower’s continued execution against its plans to simplify the company’s geographic footprint and focus its portfolio of offerings. “As a strategic buyer with local operations, we believe Manpower/Experis will provide a seamless transition and great continuity and service for our Spanish customers and employees,” said Ciber president and chief executive officer Michael Boustridge.
The acquisition follows ManpowerGroup’s recent purchase agreement with Ciber to acquire its Dutch business. Transaction terms of this deal included a $25 million cash purchase price and strengthened ManpowerGroup’s IT recruiting capabilities in the Netherlands, complementing the organic growth of its Experis brand.
“This acquisition further accelerated our strategy of shifting our business mix towards higher value professional services in the Netherlands,” said Jilko Andringa, ManpowerGroup Northern Europe president. He said that rapid technological advances mean that IT professionals are more in-demand than ever. “This move allows us to broaden our offerings and bring even more IT talent to our clients so they can achieve their business objectives in this rapidly changing competitive environment.”
In December, ManpowerGroup named Michael Stull as senior vice president for Manpower North America. He now leads the Manpower brand within the company’s North America operation, effective immediately. He led global marketing across 80 countries and all brands for the last five years at Manpower and played a lead role in leveraging technology solutions and third party relationships on behalf of the company to enhance and modernize the experience it provided to candidates and clients.
In addition, ManpowerGroup Solutions, part of ManpowerGroup, recently formed a new partnership with PeopleTicker, a provider of real-time labor market rate data and analytics. Through this partnership, ManpowerGroup Solutions will leverage PeopleTicker’s ability to analyze and compare salary information with bill and pay rate data to provide market intelligence that improves benchmarking, enabling clients to achieve accelerated cost optimization across their entire workforce.
“We are continuously innovating and looking for new ways to leverage HR analytics to provide local market expertise on a global scale,” said Jamiel Saliba, vice president and general manager of TAPFIN Global, a ManpowerGroup Solutions’ Managed Service Provider. “PeopleTicker’s global data integrates seamlessly with our industry-leading market intelligence to not only accelerate cost savings but ensure our clients have access to the information they need to make better and more competitive decisions when pricing talent.”
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media