Adecco SAs Acquisition of Olsten Corp Simi Kedia Peter Tufano 2001
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Title: Adecco SA’s Acquisition of Olsten Corp: A Prelude for New-Age HR Adecco SA (the global leader in staffing and recruitment solutions) announced in June 2001 that it has acquired 100% stake in Australian-based Olsten Corp for an equity value of $226.6 million. This major investment by Adecco SA provides the company an opportunity to expand into the Australia and New Zealand markets. Olsten Corp
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In February 2001, Adecco SAs board of directors (Board) approved the acquisition of the US arm of the German multinational outsourcing firm, Olsten Corp, for a total consideration of approximately €1.2 billion (US$1.6 billion). visit our website The deal, which was initiated by Olsten CEO Mark Rademacher in April 2000, involved the sale of the US operation to Adecco’s German subsidiary. The acquisition was announced on the same day that Ol
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A decade ago, I had been approached to help Adecco, the largest staffing firm in the world, to establish a presence in India. At the time, India was not a significant player in the staffing industry, so we had to take a chance and embark on this new venture. Over the years, I have come to know Adecco SAS, the parent company of Adecco, as an organization that cares about its employees, the customers it serves, and the communities where it operates. It is one of the leading global service
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Section: Case Study Help Now tell about Adecco SAs Acquisition of Olsten Corp Simi Kedia Peter Tufano 2001 In December 2000, when we first interviewed Adecco SA’s CEO in London, he was talking about their recent acquisition of Olsten Corp. harvard case study solution The acquisition made a good impact on our shareholders, as this was one of their most important projects. Olsten Corp, was in a great position in the US, and it was the perfect strateg
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The Acquisition of Olsten Corp Olsten Corp (now called Adecco) was acquired by Adecco Group in 2001. It had over 20 years of success and was ranked as the World’s 2nd largest in the market with 15% market share. Based on the passage above, How does the author describe the process of completing the Acquisition of Olsten Corp, and what were the specific challenges faced during the process?
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Section: Objectives and Scope As a senior marketing executive at the leading multinational outsourcing firm Adecco, you will soon get the opportunity to lead the company s global marketing and sales department. The ideal candidate should have a strong track record in building and leading marketing teams, ideally for a global company, and be able to adapt quickly to an international environment. This position requires someone who is well versed in all marketing disciplines and the ability to work in a global team. Specifically, you will be responsible for overseeing all
Problem Statement of the Case Study
“Adecco, the multinational professional staffing company, is increasing its presence in the North American market by acquiring Olsten Corp. (now called Olsten of America), one of the largest staffing companies in the United States. This is the largest acquisition in Adecco SAs history. By acquiring Olsten, Adecco expands its North American operations and deepens its position in the US staffing industry. I’d been covering this story for a publication and came across the announcement when I was looking for an opportunity to write about it
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A company like Adecco is a leader in HR services, having acquired the Swiss outsourcing provider Olsten Corp in late 2000. In December 2000, the $732 million deal brought together two of Europe’s top players in outsourcing. Adecco’s shares rose 6 percent on the news. Olsten Corp had made some significant acquisitions during the past few years, including Swiss outsourcer Sonae, and Belgian telecom firm RFC-S