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M&A Deal Summary

ManpowerGroup Acquires Workshop Bemanning AS

On February 25, 2013, ManpowerGroup acquired staffing company Workshop Bemanning AS from Borea Asset Management

Acquisition Highlights
  • This is ManpowerGroup’s 7th transaction in the Staffing sector.
  • This is ManpowerGroup’s 1st transaction in Norway.

M&A Deal Summary
Date 2013-02-25
Target Workshop Bemanning AS
Sector Staffing
Buyer(s) ManpowerGroup
Sellers(s) Borea Asset Management
Deal Type Add-on Acquisition

Target

Workshop Bemanning AS

Oslo, Norway
Workshop is a provider of temporary workers to the building and civil engineering industries. The company has between 100-200 professionals in daily work, predominantly Nordic speaking workers. Customers are medium- to large-size contracting and industrial groups. Workshop’s head office is in Oslo, where it has a strong market position, and regional offices in Kristiansand and Trondheim. Workshop Bemanning AS formerly known as Mesterjobb Bemanning.

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Buyer(S) 1

Buyer

ManpowerGroup

Milwaukee, Wisconsin, United States
Category Company
Founded 1948
Sector Staffing
Employees27,900
Revenue 17.9B USD (2024)
DESCRIPTION
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.
Entrance to ManpowerGroup's corporate headquarters in Milwaukee, Wisconsin.

ManpowerGroup provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The Company?'s recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions. ManpowerGroup was formed in 1948 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 8 of 15
Sector: Staffing M&A 7 of 9
Type: Add-on Acquisition M&A Deals 8 of 11
Country: Norway M&A 1 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 Comsys IT Partners

Houston, Texas, United States

Comsys IT Partners, Inc. is an IT services company offering contingent and direct hire placement of IT professionals and a wide range of technical services and solutions addressing requirements across the enterprise.

Buy $431M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Atos SE - Desk-side and End User Support Arm

Bezons, France

Atos SE - Desk-side and End User Support Arm is an IT Infrastructure provider that offers helpdesk services and desktop support.

Buy -

Seller(S) 1

SELLER

Borea Asset Management

Bergen, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 9.5B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Borea Asset Management AS is an independent investment firm focused on opportunities throughout Norway. The Firm looks to invest in companies with at least NOK 50 million of revenues. Borea is a generalist investor, however, the Firm will not invest in shipping or real estate. Borea Asset Management AS was formed in 2005 and is based in Bergen.

DEAL STATS #
Overall 2 of 3
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Norway M&A 2 of 3
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-20 Sharecat solutions AS

Nesttun, Norway

Sharecat Solutions develops and implement innovative, internet-based solutions information management in the oil- and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Dekk1 Holding AS

Eivind Boe, Norway

Dekk1 Holding AS, which owns tire and rim chain Dekk1 AS and wholesaler Norway Tyres has decided to separate the two businesses by demerge units to two new companies with separate ownership groups.

Sell -
Mergr

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