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ManpowerGroup Spain has confirmed its acquisition of recruitment firm Professional Staff. Included in the sale is Professional Staff’s subsidiary and specialist outsourcer Proveho Outsourcing. Manpower’s newest acquisition is expected to increase its Spanish temporary employment market share by little more than +1%.
Professional Staff Corporate Group was established in Spain 17 years ago and currently has 25 offices nationwide. The company has more than 4,000 customers and has an annual turnover of €30 million.
ManpowerGroup Spain’s chief executive Raul Grijalva said, “This acquisition will allow us, on the one hand, to increase the efficiency and position of Manpower and our core business. Secondly it will allow us to strengthen our leadership in the design and implementation of projects and to attract companies that will give ManpowerGroup Solution great potential for future growth.”
Professional Staff and Proveho Outsourcing had previously been owned by King’s Group. King’s Group is a specialist educational and training institute that has established and runs schools in England and Spain focussing on an English curriculum.
Grijalva has indicated that there are more acquisitions to be made, “With this transaction, we are starting a process of key acquisitions to strengthen ManpowerGroup’s leadership position in Spain, offering the widest range of solutions in talent strategy.”