News - Acquisition of Kelly’s European Staffing Business

Gi Group Holding Acquires Kelly’s European Staffing Business

The €130 million transaction marks a fundamental step in the consolidation of Gi Group Holding’s global role as a leading force in HR services
Milan, Italy (January 3, 2024)

Gi Group Holding announced today the successful completion of its acquisition of the European Staffing business of Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, making it the largest acquisition in Gi Group Holding’s history and increasing its revenues to five billion Euros.

The transaction accelerates Gi Group Holding’s growth strategy to become a leader in the global staffing and recruitment industry, as it expands its activities in eleven countries, such as France, Portugal and Switzerland, and additionally brings its services to Belgium, Luxembourg and Norway. It is especially notable given Kelly’s distinguished history in staffing services, further consolidating Gi Group Holding’s standing as a trusted, expert and reliable partner.
The acquisition will enable Gi Group Holding to strengthen its offering in its Life Sciences, white collar temporary work and RPO capabilities, which will be integrated into its value proposition as the Holding strategically grows its HR ecosystem to deliver comprehensive services and solutions.

This is a very exciting day for as we close our 51st acquisition, our largest one to date, and a fundamental step in our growth trajectory to become a global leader in HR services. This equally goes hand in hand with our emphasis on ensuring a positive contribution to the labour market, and, as such we are grateful to have found in Kelly a complementary partner. We’re looking forward to welcoming hundreds of new colleagues to our family who will undoubtedly give a valuable contribution to further our mission of disseminating and implementing Sustainable Work all around the globe.

Gi Group Holding has been assisted by:

  • Baker McKenzie – Legal Advisors
    Piazza Meda, 3, 20121 Milano, Italy
    280 Bishopsgate, London EC2M 4RB, United Kingdom
  • Deloitte – Tax and Financial Advisor
    Via Tortona, 25, 20144 Milano, Italy 
  • Fieldfisher – Finance Legal Advisor
    Via della Moscova, 3 – 20121 Milano

Gi Group Holding people involved:

  • Maurizio Uboldi, Chief M&A Officer
  • Dario Dell’Osa, Chief Legal Officer
  • Nicola Dell’Edera, Chief Financial Officer
  • Martina Colli Lanzi, Global M&A Integration Manager
  • Alessandro Berganton, Global M&A Strategic Project Manager
  • Maxime Courrege, Global M&A Strategic Project Manager
  • Sara Leone, Global Legal Counsel
  • Francesca Comar, Global Treasury Director
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