Recruit Holdings Co. Ltd. will launch a tender offer for all issued ordinary shares of Dutch staffing firm USG People NV, its board of directors decided at a meeting held Friday.

The share acquisition is scheduled from April to June 2016.

The offer will be made through Recruit’s subsidiary to be established in the Netherlands. The company and USG reached conditional agreement on the tender offer, which will make USG a consolidated subsidiary by Recruit acquiring 100% of the outstanding ordinary shares in USG.

Alex Mulder, the founder of USG whose shareholdings accounts for approximately 19.8% of the shares in USG, agreed to accept the tender offer.

Recruit in December agreed to acquire USG €17.50 per share or €1.42 billion (US$1.55 billion). Both firms rank among the largest in the world with USG’s operations in Europe; Recruit is based in Japan with operations in Asia, the US, Australia and UK.

Recruit announced the deal in December.