Smile Personnel Services (Smile Henkilostalpalvelut Oy), a Finnish human resources services firm, announced that it has bought a majority stake in Finland-headquartered Adicio Oy, a recruitment firm in the construction industry.

Smile is owned by parent company Restamax, which is based in Finland and specialises in labour hire and restaurant services.

Adicio Oy stated that 80% of its shares will be transferred to Smile for the agreed purchase price of €6 million. Ownership will transfer on 3 April 2018. The current owners, Jatke Oy and Gralt Oy, will continue as minority shareholders.

Smile offers HR solutions in a variety of sectors including the restaurant sector as well as construction and logistics. Adicio Oy specialises in recruiting foreign manpower to Finland to the construction sector as well as the metal and mining industries.

Smile Managing Director Sami Asikainen, commented, “I am very happy that this arrangement has been concluded. The availability of labour poses the greatest challenge to growth in our sector. With the arrangement now concluded, we can offer our customers nationwide, a new service which can solve the manpower needs of several Finnish companies.”