CHESEREX (dpa-AFX) - Switzerland-based human resources firm Adecco SA (ADO.L, AHEXY.PK) Tuesday said it would acquire VSN Inc., a provider of professional staffing services in Japan, for an enterprise value of 90 million euros.
Through the transaction, VSN doubles the exposure to professional staffing of Adecco in Japan and reinforces Adecco's strong position in an attractive structural growth market. Adecco expects the transaction to be immediately EPS accretive and EVA enhancing in year one.
The acquisition is highly complementary, with an optimal strategic fit, offering a synergy potential of around 2 million euros. The transaction will be financed with Adecco's existing financing resources. The transaction is expected to close in the first quarter of 2012.
Copyright RTT News/dpa-AFX
