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Australia - ManpowerGroup acquires Greythorn

01 June 2015

ManpowerGroup (NYSE: MAN), has today announced its acquisition of the Australian and Singapore arm of Greythorn, a professional services and recruitment firm specialising in technology and finance. With this acquisition, Greythorn and its banking and finance subsidiary Marks Sattin, become wholly owned by ManpowerGroup Australia, operating under the Experis brand.

The Greythorn and Marks Satin divisions had been part of the UK-based professional staffing firm, Five Ten Group run by longstanding Hudson executive, Mark Carriban. Five Ten also operates the Antal, EMR, Laurence Simons and Ortus specialist staffing brands.  Five Ten will continue to operate its Greythorn and Marks Sattin brands in EMEA and the Americas.

"This is an exciting phase for ManpowerGroup in Australia" said Ram Chandrashekar, ManpowerGroup President Asia Pacific and Middle East.

"The strategic acquisition of Greythorn further strengthens our capabilities across the region and complements the organic growth of the Experis brand, the global leader in professional resourcing and project based workforce solutions. For clients, it means we can deliver an even broader range of specialist workforce solutions with combined assets and systems, and for candidates, even better opportunities across more clients."

ManpowerGroup's recent Talent Shortage Survey shows high demand for skills across the IT and finance sectors globally.

"Demand for IT talent is high and fast-changing - ranked number nine in the top ten hardest jobs to fill in Australia, and accounting and finance is ranked number seven. That demand includes specialists in key areas such as security, big data, analytics, mobility and cloud." said Lincoln Crawley, Managing Director, ManpowerGroup Australia and New Zealand. "The acquisition of Greythorn and Marks Sattin will provide access to a large, international network of resources and greater reach in both local and global markets, while continuing to focus on deep vertical expertise; building on our leading services for clients and candidates.

Greythorn Managing Director, Richard Fischer will join the ManpowerGroup ANZ senior leadership team.

"Our acquisition by ManpowerGroup is a key development in unlocking the growth potential of the business and our ability to scale up in the region as the market leader in specialist Technology and Finance recruitment," Fischer said.

Greythorn and Marks Sattin are complementary to Experis and we look forward to realising the synergies that are present across these businesses. This is a natural next step for us and will deliver exceptional opportunities for our clients and candidates," said Fischer. "I look forward to extending the scale of our specialist technology and finance sectors for our clients."

No deal metrics were made available.