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Japanese recruitment giant Recruit Holdings has acquired additional shares in what has been described as Asia's largest executive search company, Bó Lè Associates Group. The acquisition was made through a subsidiary of Recruit, RGF Hong Kong.
“By bringing together the assets of Bó Lè and the extensive know-how of the Recruit Group, Recruit aims to provide high-quality placement services in tune with the needs of both clients and job seekers,” Recruit said.
Under the deal, Bó Lè will become a wholly owned subsidiary of RGF Hong Kong. In 2010, Recruit acquired 14.3% of the shares of Bó Lè, which has 18 offices spread across greater China and Southeast Asia.
The Japanese recruiter has now acquired the remaining shares of Bó Lè to strengthen its presence in Asia. Bó Lè has 17 years of experience placing English-speaking and local-language-speaking staff with multinational companies.
The firm said the acquisition fitted into its strategy to expand its HR services, which includes staffing services, executive search and online HR. In 2007, Recruit launched its first international HR service, mainly for introducing job candidates to Japanese companies, under the RGF HR Agent brand. That brand has since expanded and currently has operations in China, Hong Kong, Singapore, India, and Vietnam.