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Norway – ManpowerGroup announces acquisition of Ciber Norway

24 August 2016

ManpowerGroup (NYSE: MAN) today announced an agreement with Ciber, Inc. (NYSE: CBR), a leading global information technology consulting, services and outsourcing company, to acquire its business in Norway.

The acquisition of Ciber Norway follows ManpowerGroup’s recent acquisition of Ciber Netherlands for USD 25 million. The acquisitions aim to complement the organic growth of ManpowerGroup's own professional resourcing and project-based workforce solutions arm, Experis, and will help meet growing demand in the IT sector.

Ciber Norway's business, including 130 employees, will transition over to ManpowerGroup when the deal is expected to close later this month, pending regulatory approval.

The group said that this acquisition builds on ManpowerGroup's already strong presence in Norway.

Since opening its first office there in 1952, ManpowerGroup has diversified its business across four brands—Manpower, Experis, ManpowerGroup Solutions and Right Management—now spanning thirty locations and finding work for more than 20,000 people in Norway each year. Ciber Norway brings with it ten years of IT industry expertise.

"We're pleased to announce this acquisition that continues to build on the strength of our Experis business in Norway and further accelerates our strategy to shift our business mix towards higher value and professional services," Maalfrid Brath, Managing Director ManpowerGroup Norway, said. "As clients across every sector continue to invest in rapidly changing technology and upgrade their capabilities, ManpowerGroup is well-equipped to deliver the best talent and provide in-demand skills at all levels of the IT market."

"The sale of Norway follows our strategy to create a much more focused and simplified company as we have announced," Ciber President and Chief Executive Officer Michael Boustridge, said. "We are pleased to have found a high-quality home for our Norway business with ManpowerGroup/Experis.  As a strategic buyer with local operations, we believe they will provide a seamless transition and great continuity and service to our customers and our employees."