Manpower Takes Full Control of WDC - Analyst Blog
19 Luglio 2012 - 2:30PM
Zacks
Manpower Inc.
(MAN), one of the leading employment services provider, recently
announced that it has acquired the remaining 26% stake in Web
Development Company Limited (WDC), which is engaged in providing IT
services and Staffing solutions.
Following the acquisition, the
Kolkata, India-based company will now be the fully owned subsidiary
of Manpower Group's Experis brand. In March last year, Manpower
acquired 74% stake in the company.
Web Development Company offers
services to a large number of clients across the Asia Pacific
region and has five delivery locations in India, thus enabling
Manpower to gain substantial market in this region.
The move is in line with Manpower’s
approach of acquiring companies that boost its capability to bring
pioneering workforce solutions to its customers throughout the
world.
Manpower is the global leader in
employment services industry and commands a well-established
network. The company’s comprehensive range of services makes it a
true global staffing firm providing services to the entire
employment and business cycle, including permanent, temporary and
contract recruitment, employee assessment and selection, training,
outplacement, outsourcing and consulting.
Further, Manpower’s brand value and
strong global network provides a competitive advantage to the
company and reinforces its dominant position in the market.
However, economic readings have
been dismal in the U.S., Europe, as well as in China, which is
likely to affect the company’s profitability in the near term.
Moreover, Manpower faces stiff
competition in both domestic and international markets from other
established players, such as Randstad (RAND.AS)
and Kelly Services Inc. (KELYA), which may limit
the company’s market share gains.
Currently, Manpower holds a Zacks
#4 Rank, which translates into a short-term ‘Sell’ rating.
KELLY SVCS A (KELYA): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
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