"This acquisition achieves two important objectives for Vedior," said CEO Tex Gunning. "Firstly, expanding our presence in the fast-growing German recruitment market and, secondly, enhancing our global presence in the provision of skilled IT professionals." Vedior had IT revenue of euro768 million (US$1.01 billion) in 2006.

GULP's management team will remain and keep a 30% interest in the company.