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Dutch staffing firm DPA Group NV (DPA: NL) is to acquire consulting firm Cauberg-Huygen Consulting Engineers BV (CHRI). The acquisition, according to DPA’s press release, is expected to contribute directly to the profitability of DPA.
CHRI specialises in providing consulting services in the fields of industry, construction, and infrastructure. The company also provides technical expertise, in addition to specialist knowledge of the law and regulations on safety, environment, air quality, noise, and sustainability.
CHRI was declared bankrupt on 27 August 2013 and has since been the subject of many acquisition bids. DPA will retain 80 members of staff under the formation of the new business segment DPA Cauberg-Huygen. DPA has advised that it will endeavour to absorb the remaining 60 employees into its other businesses.
Eric Winter, CEO of DPA, believes that the consolidation of the staffing industry with the consulting industry is a strong response to the challenging market conditions. “So you can achieve scale advantages; such as lower cost per professional, more efficient operations and market approach, and better driveability. With the complementary activities of CHRI, DPA can better fulfil its role of strategic sparring partner for the client.”
He continued: “We are very pleased with the arrival of the CHRI professionals. With their knowledge and experience we can also support clients in projects in the field of industrial development, infrastructure, and residential and commercial construction.”
Financial details of the acquisition were not released. New data released today by Staffing Industry Analysts reveals that DPA experienced the joint highest annual revenue increase between 2011 and 2012. DPA is currently ranked among the top 25 largest staffing firms in the Netherlands.
In trading today, the company’s share price rose +2.54% to €1.50, an increase of +12.4% compared with a year ago. Based on its share price, the company has a current market value of €66.3 million.