TROY, MI--(Marketwire - July 11, 2008) - Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB), a global human resources solutions provider, announced today that
it has signed an agreement to acquire all of the shares of the Portuguese
subsidiaries of Randstad Holding N.V., Randstad - Empresa de Trabalho
Temporário, Unipessoal, Lda and Randstad - Gestão de Processos, Lda. Terms
were not disclosed. The transaction is expected to close during the third
quarter of this year.
The acquisition is subject to approval of the European Commission. In the
process of obtaining approval from the European Commission of its recently
completed acquisition of Vedior, N.V., Randstad announced on March 28, 2008
that it would divest its activities in Portugal.
The sale includes 13 branch offices and 15 on-site locations serving the
entire Portuguese staffing market. In addition to traditional temporary
staffing services, current business lines also include on-site personnel
management, and permanent placement. As a part of the transaction the
current management team, including Frank Weermeijer, general manager, is
expected to remain in place.
The purchase will mark Kelly's initial entry into the Portuguese market.
"This acquisition supports our strategy of global growth to serve our world
wide customer base with a full array of human resources solutions," said
Carl Camden, president, and chief executive officer. "We look forward to
entering the Portuguese market, and are genuinely excited about seizing
future opportunities by building on the solid foundation Randstad has built
"We are very pleased to be joining the Kelly Services organization," said
Frank Weermeijer, general manager. "Kelly's reputation for excellent client
service, integrity, and innovative staffing solutions makes this
transaction a good fit both for us, and for our customers."
About Kelly Services, Inc.
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a world leader in
human resources solutions headquartered in Troy, Michigan, offering
temporary staffing services, outsourcing, vendor on-site and full-time
placement. Kelly operates in 37 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 2007 was $5.7 billion. Visit