Assystem SA (ASY:PAR) announced Wednesday that it sold a 51% stake in MPH GS — the company heading up its staffing business — to MPH GS’s management in January. MPH provides technical and engineering recruitment services.

The company had agreed to the sale last July.

MPH was acquired by Assystem in 2011.

Assystem made the announcement when reporting earnings for 2022. The company posted revenue of €495.5 million, a year-over-year increase of 10.8%. The figure includes the impact of applying IFRS 5 with regard to the sale of Assystems’s life sciences and general industry technical assistance activities to Expleo Group in January 2022 and the agreement to sell the 51% stake in MPH GS.