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US – ManpowerGroup Buys Final Stake in Indian IT Firm

July 18 2012

ManpowerGroup Inc. (NYSE: MAN) acquired the remaining 26 percent stake that it did not already own in Web Development Company Ltd., a Kolkata, India-based information technology services firm. ManpowerGroup had acquired a 74 percent stake in the company in March 2011.

WDC is now a wholly owned subsidiary of ManpowerGroup’s Experis brand.

“Our selective acquisition of WDC has enhanced and strengthened the position of Experis in response to the demands and needs of clients,” said Sanjay Pandit, managing director of ManpowerGroup India.

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