Contact Information: ANALYST CONTACT: James Polehna (248) 244-4586 MEDIA CONTACTS: USA Renee Walker (248) 244-4305 Germany/Europe Nicole Kaul + 49 211 9541 2122
Kelly Services Expands in Germany
Company Expands Services in Fast-Growth German Market
| Source: Kelly Services, Inc.
TROY, MI--(Marketwire - October 22, 2007) - Kelly Services, Inc. (NASDAQ : KELYA ) (NASDAQ : KELYB ), a global human resources solutions provider, announced today that
it has signed a definitive agreement to acquire access AG, a specialized
recruitment services company headquartered in Germany and with operations
in Austria. The partnership enhances Kelly's position in one of the fastest
growing recruitment markets in the world. The acquisition is subject to
approval of the regulatory authorities in Germany and is expected to close
by year-end. Estimated full year 2007 revenue is approximately $15 million.
Established in 1991, access, the first company to offer recruiting process
management in Germany, provides full-service recruiting solutions, focusing
on highly qualified graduates and professionals with academic background in
the fields of business administration, engineering and IT. The company
created access workshops, uniting select candidates with 150 of the 200
most attractive corporations across Germany.
Access will join Kelly's Outsourcing & Consulting Group, enhancing the
company's ability to provide comprehensive talent management solutions to
its global customers. As part of the transaction, the management team of
Claus-Peter Sommer, Jens Ohle and Norbert Wangnick will continue to lead
access as a business segment of Kelly Services.
"We are excited to increase our global presence with the acquisition of
access, a company with an excellent reputation and demonstrated ability to
provide valued, quality service to its customers," said Carl Camden,
president and chief executive officer. "This acquisition follows our global
strategy to expand into viable geographies and build upon our specialized
consulting and outsourcing offerings."
"We are delighted to join the Kelly organization," said Norbert Wangnick.
"Through Kelly's global network and comprehensive human capital solutions,
access is well-positioned to meet the evolving needs of our customers."
About Kelly Services, Inc.
Kelly Services, Inc. (NASDAQ : KELYA ) (NASDAQ : KELYB ) is a world leader in
human resources solutions headquartered in Troy, Mich., offering temporary
staffing services, outsourcing, vendor on-site and full-time placement.
Kelly operates in 33 countries and territories. Kelly provides employment
to more than 750,000 employees annually, with skills including office
services, accounting, engineering, information technology, law, science,
marketing, creative services, light industrial, education, and health care.
Revenue in 2006 was $5.5 billion. Visit www.kellyservices.com.