M&A Deal Summary

Quess Corp Acquires Randstad Lanka Pvt

On October 26, 2015, Quess Corp acquired staffing company Randstad Lanka Pvt from Randstad

Acquisition Highlights
  • This is Quess Corp’s 1st transaction in the Staffing sector.
  • This is Quess Corp’s 1st transaction in Sri Lanka.

M&A Deal Summary
Date 2015-10-26
Target Randstad Lanka Pvt
Sector Staffing
Buyer(s) Quess Corp
Sellers(s) Randstad
Deal Type Divestiture

Target

Randstad Lanka Pvt

Colombo, Sri Lanka
Randstad Lanka is a HR services company providing recruitment and staffing services in Sri Lanka. With a workforce of over 400 employees and presence across Sri Lanka, Randstad Lanka is a provider of workforce solutions. The company services several marquee clients, including Sri Lankan operations of several Fortune 500 clients.

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Buyer(S) 1

Buyer

Quess Corp

Bengaluru, India

website

Category Company
Founded 2007
Sector Diversified
Employees6,603
Revenue 136.9B INR (2022)
DESCRIPTION

Quess Corp is a business services provider. Quess helps large and emerging companies manage their non-core activities by leveraging our integrated service offerings across industries and geographies which provides significant operational efficiencies to our clients. Quess Corp was founded in 2007 and is based in Bengaluru, India.

DEAL STATS #
Overall 1 of 7
Sector (Staffing) 1 of 3
Type (Divestiture) 1 of 2
Country (Sri Lanka) 1 of 1
Year (2015) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Styracorp Management Services

Dubai, United Arab Emirates

Styracorp Management Services is a provider of human resources staffing solutions in the Middle East.

Buy -

Seller(S) 1

SELLER

Randstad

Diemen, Netherlands

website

Category Company
Founded 1960
Sector Business Services
Employees38,370
Revenue 24.6B EUR (2021)
DESCRIPTION
Randstad office in Atlanta, Georgia.
Randstad office in Atlanta, Georgia.

Randstad is a human resource consulting firm and HR service provider. Randstad was founded in 1960 and is based in Diemen, Netherlands.

DEAL STATS #
Overall 6 of 6
Sector (Staffing) 4 of 4
Type (Divestiture) 5 of 5
Country (Sri Lanka) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 RiseSmart

San Jose, California, United States

RiseSmart, Inc. is a career transition services provider.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Proffice

Stockholm, Sweden

Proffice is a provider of temporary staffing, recruitment, outsourcing, and career & development services. Proffice was founded in 1960 and is based in Stockholm, Sweden.

Buy -
Mergr

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