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Allegis Group and Morgan & Banks Investments each now own half of Talent2 International Ltd., an Adelaide, Australia-based firm that provides staffing, recruitment process outsourcing, payroll and other services. Talent2 was formerly a publicly traded firm and posted A$306.1 million (US$322.8 million) in revenue in its fiscal year ended Aug. 10, 2011.
“This joint venture is an important step as Allegis Group aims to extend its footprint into Asia-Pacific markets and address the ongoing shifts in global demographics,” said Chris Hartman, president international operations, Allegis Group.
“Geography aside, Talent2’s strong focus on putting people first uniquely aligns with the philosophy or our Allegis Group family of companies,” Hartman said. “Coupled with that cultural alignment, Talent2’s expertise and focus on end-to-end talent management complements Allegis’ area of focus. Asia is undeniably an exciting market to be in; and our partnership with Talent2 will further strengthen our platform in the region.”
Hartman will join Talent2’s board.
Talent2 operates 40 offices in 30 countries across Asia Pacific, the Middle East, the UK and the United States.