Adecco India announces acqusition

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Chennai, Feb 6 (UNI) Adecco India, the Indian arm of the world's largest HR Services company, today announced the acquisition of 'Ajinkya', a leading blue-collar temping company.

The first of its kind organized acquisition in this space allows Adecco a significant foothold in the burgeoning market for blue collar temping in India and further consolidates its local market leadership, a company release here said.

Incidentally, Adecco globally was the market leader in the blue collar temping market with majority of its revenues derived from it.

Post merger, Ajinkya would become part of Adecco India and would operate as Adecco's Industrial Staffing Division headed by C R Kale (Founding Director of Ajinkya) as its director.

Adecco intends to grow tenfold from the current level to 40,000 blue-collar temps over the next 2-3 years making it the market leader in this segment.

Through its global network Adecci India, would also pursue actively the opportunity provided by the acquisition to provide industrial workforce to automotive, constructions and oil and gas companies across Europe and the Middle East, the release added.

UNI SNR VV 1506

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