0QNM Adecco Group Ag

Dow Jones received a payment from Newsbox to publish this press release.

 
 
Disposal 
 
THE ADECCO GROUP COMPLETES THE DIVESTMENT OF SOLIANT HEALTH 
 
Zurich, Switzerland, 3 January 2020: The Adecco Group, the world's leading HR 
solutions partner, announces the successful completion of its divestment of 
Soliant Health to Olympus Partners. 
 
Having received all necessary regulatory approvals, the Adecco Group has 
successfully completed the divestment of its US healthcare staffing business, 
Soliant Health, to Olympus Partners for a cash consideration of USD 612 million 
(EUR 551 million). The transaction will result in a gain on sale to be 
recognised in the Group's Q4 & FY 2019 results. 
 
The sale is part of the Adecco Group's strategy to concentrate on globally 
scalable brands and digital solutions. 
 
As previously communicated, the Group will provide an update on the use of 
proceeds, in line with its capital allocation policy, with the release of the Q4 
2019 results on 26 February 2020. 
 
J.P. Morgan Securities LLC acted as exclusive financial advisor to the Adecco 
Group on the transaction. 
 
For further information please contact: 
 
The Adecco Group Investor Relations 
 
investor.relations@adeccogroup.com or +41 (0) 44 878 88 88 
 
The Adecco Group Press Office 
 
media@adeccogroup.com or +41 (0) 44 878 87 87 
 
adeccogroup.com 
 
Facebook: facebook.com/theadeccogroup 
 
Twitter: @AdeccoGroup 
 
Financial Agenda 
 
 · Q4 2019 results 26 February 2020 
 · Q1 2020 results 5 May 2020 
 · Q2 2020 results 6 August 2020 
 · Q3 2020 results 3 November 2020 
 · Capital Markets Day 2 December 2020 
 
Forward-looking statements 
Information in this release may involve guidance, expectations, beliefs, plans, 
intentions or strategies regarding the future. These forward-looking statements 
involve risks and uncertainties. All forward-looking statements included in this 
release are based on information available to Adecco Group AG as of the date of 
this release, and we assume no duty to update any such forward-looking 
statements. The forward-looking statements in this release are not guarantees of 
future performance and actual results could differ materially from our current 
expectations. Numerous factors could cause or contribute to such differences. 
Factors that could affect the Company's forward-looking statements include, 
among other things: global GDP trends and the demand for temporary work; changes 
in regulation of temporary work; intense competition in the markets in which the 
Company operates; integration of acquired companies; changes in the Company's 
ability to attract and retain qualified internal and external personnel or 
clients; the potential impact of disruptions related to IT; any adverse 
developments in existing commercial relationships, disputes or legal and tax 
proceedings. 
 
About Soliant Health 
 
Soliant Health (Soliant) is a healthcare services outsourcing platform. The 
company identifies and recruits highly-skilled healthcare professionals across a 
wide range of specialties and connects them with healthcare providers in the 
education, nursing, pharmacy, and life sciences segments, primarily on a 
temporary basis. Soliant has approximately 500 employees and is headquartered in 
Tucker, GA with offices in Florida, Illinois, Massachusetts, California and 
Texas. Soliant joined the Adecco Group in 2009 through the MPS Group 
acquisition. 
 
About Olympus Partners 
 
Founded in 1988, Olympus Partners is a private equity firm focused on providing 
equity capital for middle market management buyouts and for companies needing 
capital for expansion. Olympus is an active, long-term investor across a broad 
range of industries including business services, food services, consumer 
products, healthcare services, financial services, industrial services, and 
manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of 
corporate pension funds, endowment funds and state-sponsored retirement 
programs. 
 
About the Adecco Group 
 
The Adecco Group is the world's leading HR solutions partner. We provide more 
than 700,000 people with permanent and flexible employment every day. With more 
than 34,000 employees in 60 countries, we transform the world of work one job at 
a time. Our colleagues serve more than 100,000 organisations with the talent, HR 
services and cutting-edge technology they need to succeed in an ever-changing 
global economy. As a Fortune Global 500 company, we lead by example, creating 
shared value that meets social needs while driving business innovation. Our 
culture of inclusivity, fairness and teamwork empowers individuals and 
organisations, fuels economies, and builds better societies. These values 
resonate with our employees, who voted us in the top five on the Great Place to 
Work® - World's Best Workplaces 2018 list, for the second year running. We make 
the future work for everyone. 
 
The Adecco Group is based in Zurich, Switzerland. Adecco Group AG is registered 
in Switzerland 
(ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). The group is 
powered by ten lead brands: 
Adecco, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, 
Pontoon, Spring Professional, Vettery and YOSS. 
 
Press Release (PDF) 
 
### END ### 
 
+---------------------------++--------------++---------------------------------+ 
|Provider                   ||Channel       ||Contact                          | 
+---------------------------++--------------++---------------------------------+ 
|Tensid EQS Ltd.,           ||newsbox.ch    ||Provider/Channel related         | 
|Switzerland                ||www.newsbox.ch||enquiries                        | 
|www.tensid.ch              ||              ||marco@tensid.ch                  | 
|                           ||              ||+41 41 763 00 50                 | 
+---------------------------++--------------++---------------------------------+ 
 
 

(END) Dow Jones Newswires

January 03, 2020 01:00 ET (06:00 GMT)

Grafico Azioni Adecco (LSE:0QNM)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Adecco (LSE:0QNM)
Storico
Da Apr 2023 a Apr 2024