ManpowerGroup Inc. (MAN) said Monday it has entered into an agreement to acquire Workshop Holding AS, which, in turn, owns Workshop Bemanning og Kompetanse AS, Norway's largest recruitment specialist in the construction sector.
Workshop Holding was formerly controlled by private equity firm Borea Opportunity.
The acquisition is pending approval from the Norwegian Competition Authority and is projected to be completed in April of this year.
With the acquisition, Workshop Bemanning will be incorporated into ManpowerGroup Norway's Manpower brand, further elevating Manpower's position as the leader in contingent and permanent staffing, providing organizations of all sizes with a continuum of staffing solutions to enhance business agility and competitiveness. The combined entities increase the number of Manpower associates on assignment daily in Norway to about 7,000.
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