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Randstad to acquire Careo Group in Japan

June 10, 2016

Global staffing provider Randstad Holding nv agreed to acquire Careo Group in Japan for an undisclosed sum, doubling its presence in the Tokyo area, and its IT/engineering business.

Careo Group, established in 1972, has approximately 150 full-time employees, mainly focusing on temporary staffing of engineers, clerical workers and telemarketers.

Randstad Japan President and COO Satoshi Saruya will be president of Careo Group, effective July 1.

“We are delighted to welcome the employees of Careo Group to Randstad,” said Randstad Japan Chairman and CEO Marcel Wiggers. “Careo Group has a strong track record in the Tokyo metropolitan area, which is the country’s most important market. The IT/engineering segments are strong, both areas are a priority in our mid to long-term strategy. We look forward to jointly further accelerate our growth in this market.”

The news follows Randstad’s announcement last month that it plans to acquire Italian staffing firm Obiettivo Lavoro, which ranks No. 79 on the most recent list of largest global staffing firms. The transaction has been approved by the boards of both companies and Randstad expects to close the deal mid-2016.

Randstad is based in the Netherlands with operations in the US and other countries around the globe.