The Hindu Business Line : Netherlands co picks up stake in Team HR Services

The Netherlands-based, HR solutions company, Randstad Holding nv has picked up a 57 per cent stake in Team HR Services Pvt Ltd (Team4U), with the option to purchase the remainder of the shares over the coming two years.

Mr Ben Noteboom, CEO of Randstad Holding, said, "Team4U helps Randstad expand its Indian business. This gives us a head start in entering the rapidly growing staffing market thanks to their market share of some 10 per cent. This will allow us to further leverage our position in India."

Randstad had picked up a 51 per cent stake in a recruitment company, EmmayHR in December last year.

More Stories on : Mergers & Acquisitions | Human Resources

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Progeon brand on its way out

Shree Renuka Sugars to raise $40-50 m thru ECB

Riga Sugar plans public issue or GDR

Geneva acclaim for Krishna Industrial

Re-structuring hampered

Netherlands co picks up stake in Team HR Services

Hyundai plans second engine, transmission plant in India

Hero Honda says strike won't impact profitability

DLF to seek shareholders' nod for share split

Kamdhenu Ispat IPO oversubscribed

MSPL eyes mines in Australia, Brazil