Randstad France has announced that its voluntary cash tender offer for French consulting and engineering firm Ausy SA has been approved by France’s financial markets authority AMF.

The tender offer will run from 16 December 2016 to 20 January 2017 and is subject to a minimum acceptance rate of 65%. 

Randstad first announced its plans to buy Ausy in June for €55 per share to Ausy shareholders, or about €280 million in total. The proposed deal has the support of Ausy's management board and about 40% of its shareholders. Randstad then filed with the AMF in October. 

Ausy states on its website that it is an international consulting and engineering firm in advanced technologies with a business model based on innovation and complementary services between information systems and industrial systems.