M&A Deal Summary

Adecco Group Acquires Olsten

On August 19, 1999, Adecco Group acquired staffing company Olsten for 1.5B USD

Acquisition Highlights
  • This is Adecco Group’s 2nd transaction in the Staffing sector.
  • This is Adecco Group’s largest (disclosed) transaction.
  • This is Adecco Group’s 2nd transaction in the United States.
  • This is Adecco Group’s 1st transaction in New York.

M&A Deal Summary
Date 1999-08-19
Target Olsten
Sector Staffing
Buyer(s) Adecco Group
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Olsten

Melville, New York, United States
website
Olsten Corporation is a provider of staffing services, information technology services and home health care and related services. The Company operates more than 1,000 staffing offices - providing staffing solutions and assignment employees to business, industry and government - in North America, Latin America and Europe under Olsten Staffing Services and related brands.

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Buyer(S) 1

Buyer

Adecco Group

Zurich, Switzerland

website

Category Company
Founded 1957
Sector Staffing
Employees34,574
Revenue 19.6B EUR (2020)
DESCRIPTION
Entrance to Adecco office in Stockholm, Sweden.
Entrance to Adecco office in Stockholm, Sweden.

The Adecco Group is a provider of HR solutions. With over 31,500 FTE employees and more than 5,000 branches, in over 60 countries and territories around the world, we offer a wide variety of services, connecting more than 650,000 associates with our clients every day. Adecco Group was incorporated in 1957 and is headquartered in Zurich, Switzerland.

DEAL STATS #
Overall 2 of 15
Sector (Staffing) 2 of 10
Type (Add-on Acquisition) 2 of 13
State (New York) 1 of 3
Country (United States) 2 of 6
Year (1999) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-18 TAD Resources International

Cambridge, Massachusetts, United States

TAD Resources International is a temporary-staffing company.

Buy $388M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-06 Jobpilot

Bad Homburg, Germany

Jobpilot is an online recruitment company with online operations in 14 European countries.

Buy €70M
Mergr

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