Randstad France gained control of French consulting and engineering firm Ausy through successful cash tender offer, holding nearly 93% of outstanding Ausy shares. Ausy has operations in 10 countries, including the US where it began operations in 2013 to serve Airbus in Mobile, Ala.

The French stock market authority, Autorité des marchés financiers, today published the results of the initial offer period of Randstad France's cash tender offer for Ausy securities in France and declared the offer successful.

Ausy will become an operational subsidiary of the Randstad group as of Jan. 31, 2017.

“Today, we welcome Ausy to the Randstad Group,” said Randstad Holding nv CEO Jacques van den Broek. “The combination of our two businesses gives us a major opportunity to strengthen our Professionals business. Ausy, which is one of the world's leaders in IT services and Engineering, brings expertise and know-how to our group, which are complementary to our activities.”

Randstad first announced its plans to buy Ausy in June for €55 per share to Ausy shareholders, or about €280 million in total.

“I would like to thank all of the shareholders who contributed to the success of the transaction,” said Ausy CEO Philippe Morsillo. “Thanks to them, a page is turned for our group and its 4,500 employees who will be able, with Randstad by our side, to seize new opportunities in France and abroad. Randstad’s top-tier expertise in recruitment, its presence in almost 40 countries and its financial strength will be valuable assets for our future development. For the shareholders who have not participated in the offer yet, a new window of opportunity is provided as of today.”