Recruiting giant Manpower, which employs over two million workers globally, is to acquire London-based recruitment company, Elan Group Ltd for £87.7 million. The move will allow Manpower to merge its IT staffing operations across Europe under the Elan brand.
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The integration process will begin by merging Manpower's IT staffing operations in the UK into those of Elan. Jeffrey Joerres, Manpower President and Chief Executive Officer said, "This is an ideal acquisition from the perspectives of capabilities and culture. Together, we are forming a dynamic force for pan-European leadership in the IT staffing industry."
Elan's management team will lead the combined company reporting to Yoav Michaely, Manpower's senior vice president and managing director of European operations. Mike Berry, the head of Manpower IT, will be joining the Elan executive board in a pan-European role.