News - Gi Group acquires Grupo Norte and consolidates its presence in Spain

Gi Group acquires Grupo Norte and consolidates its presence in Spain

The Group, led by Stefano Colli-Lanzi, has acquired the staffing company of Grupo Norte in Spain, where it already has a strong presence with four brands. The acquisition reaffirms our Group’s international strategy, which recently saw it enter the US market.
Milan, 07/30/2020

Thanks to this acquisition, our Group has become one of the top seven companies in Spain, enhancing our presence in this market, reaching areas like Asturias and the Basque Country.
Our Group, which launched in Spain in 2008, has reached this agreement as part of a phase of substantial growth in the country, where we already operate through four brands – GI Group, Wyser, GI BPO, and Tack TMI – recording a turnover in 2019 of €130 million.
Founded in 1972, Grupo Norte was one of Spain’s top employment agencies. Over the years, it became a company that specialises in providing a number of HR services, and today it has around 1,700 business customers and its turnover in 2019 was around €70 million.

Stefano Colli-Lanzi, Gi Group’s CEO, said:

This acquisition comes a few days after our launch into the US market. It allows us to improve our positioning and be more competitive in Spain, a country that is very important to us in terms of strengthening our role as a global player in the HR services sector and is in line with our medium-term objective of reaching €6 billion in turnover by 2023. This objective remains largely unaffected by the pandemic and, today, our Group is totally focused on managing the recovery phase. The transaction was completed at a time when the Spanish economy was trying to recover after the economic shock caused by the pandemic; all the more reason why we believe that an employment company like ours can give that recovery real impetus, responding to the needs of candidates and businesses through services like search and selection, training, outsourcing and career transition support.

Founded in 1998, Gi Group began its internationalisation strategy in 2007. Today, we operate directly in 29 countries and in 57 others through our partnerships.

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