Mumbai
April 26, 2016:
Quess
Corp Ltd (“Quess”) today announced the completion of the acquisition of
Randstad Lanka Pvt Ltd (“Randstad Lanka”) from Randstad India Private Limited
(“Randstad India”). The acquisition was closed pursuant to the terms of a share
purchase agreement that was entered on October 14, 2015.
Headquartered
in Colombo, Randstad Lanka offers staffing and human resource solutions in Sri
Lanka. The company services several clients, including Sri Lankan
operations of several Fortune 500 clients.
Speaking
on the acquisition, Ajit Isaac, Chairman and MD, Quess commented, “The
acquisition lends heft to our People and Services business segment and to our
presence in Asia Pacific. More importantly, Randstad Lanka gives us a strategic
beachhead in Sri Lanka which can be used for launching our offerings in
Integrated Facility Management, Managed Services and other businesses in Sri
Lanka.”
This
acquisition is expected to strengthen Quess’ position as one of the leading
providers of integrated business services.Post completion of this acquisition,
Quess operates across eight countries with a strong presence in the Asia
Pacific.
About Quess Corp Limited:
Headquartered in Bangalore,Quess Corp Ltd is
an integrated business services provider organized under 4 verticals namely,
Global Technology Solutions, People & Services, Integrated Facilities
Management and Industrial Asset Management. Quess, along with its subsidiaries,
have more than 1,18,000 employees (as of November 30, 2015), with operations
across 8 countries. Quess Corp Ltd is a subsidiary of Thomas Cook (India) Ltd.
For further details on Quess Corp Ltd. please
visit: http://www.quesscorp.com
About RandstadLanka Private Limited:
Headquartered in Colombo, Randstad Lanka
offers staffing and human resource solutions in Sri Lanka.
About Randstad:
Randstadspecializes in
solutions in the field of flexible work and human resources services. Our
services range from regular temporary staffing and permanent placements to
Inhouse, Professionals, Search & Selection, outplacement, and HR Solutions.
The Randstad group is one of the leading HR services providers in the world,
with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile,
France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal,
Spain, Switzerland, the UK, and the United States, as well as major positions
in Australia and Japan. In 2015, Randstad had approximately 29,750 corporate
employees and around 4,473 branches and Inhouse locations in 39 countries
around the world. Randstad generated revenue of € 19.2 billion in 2015. Randstad
was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad
Holding nv is listed on the Euronext Amsterdam, where options for stocks in
Randstad are also traded.
For
more information seehttp://www.randstad.com/
Best Regards,
Shaheena Khan | Senior PR ExecutiveConcept Public Relations Limited
Queen's Mansion | First Floor | Prescot Road | Next to Cathedral School | Fort | Mumbai 400001
Boardline: 022-40558920 | Ext: 960 | Mobile: +91 9769752270
Email: shaheena@conceptpr.com
www.conceptpr.com
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