News – From Milanese start-up to industry leader

Gi Group Holding turns 25. The founder, Stefano Colli-Lanzi, shares his vision for the future.

Stefano Colli-Lanzi celebrates a 25-year story that led the Italian employment agency to become one of the world’s leading HR players, announcing 100 mln euros annual plan of investments in acquisitions for the next 2 years 

The ability to fully understand the rapidly changing labour market, to develop new businesses and services, and a strong drive for internationalisation are the underlying themes of the Gi Group Holding’s entrepreneurial history, and that of its CEO, Stefano Colli-Lanzi.

The goal for the near future? €6 billion revenue by 2024

https://www.gigroupholding.com/wp-content/uploads/2023/01/Gi-Group-Holding_Corporate-Video.mp4
Milan, Italy – 27 February 2023

In 1998, Stefano Colli-Lanzi, at that time a consultant, saw new regulations in the Italian market as an opportunity to enter the HR world, by launching the first Italian staffing company.

25 years later, he is at the helm of one of the leading global HR services and consulting companies, Gi Group Holding, with more than 8,000 employees (+1,500 more than 2022) and a presence in 34 countries worldwide.

Its steady growth, through even the most turbulent periods of this quarter century, like the pandemic and the Russian-Ukrainian conflict, has led to an increase in turnover from €1,581 MLN in 2015 to over €3.6 billion in 2022 (preliminary results)

Over the years, Gi Group Holding’s management has pursued a strategic approach to business growth: developing the company’s services (although Temporary and Permanent Staffing is still the main driver of revenue growth) while acquiring new businesses, thus becoming a true global ecosystem of HR services.

Throughout the company’s history, strategic investments and M&A operations have advanced its capacity for growth and resilience: in this regard, last autumn Gi Group Holding announced its 50^th acquisition (The Bridge, an HR technology consultancy focused on building and scaling up digital capabilities for multinational businesses). Today, international revenues contribute about 53% (47% in Italy) of the Group’s revenues.

This anniversary is certainly an appropriate time to celebrate what has been done, so I would first like to address all the people who have contributed and continue to contribute every day to this project, which aims to seize the opportunity (and the responsibility) of contributing to the positive evolution of society, through work. But on occasions like these it is also important to lay foundations for the future. Over the coming years, the Group intends to continue on our current trajectory, increasing revenue from our international business from 50% to 70%. On the offer side, we will increasingly focus on verticalisation, diversification of solutions and progressive improvement of margins. Therefore, we planned an annual investment of 100 mln/€ in acquisition for the next 2 years. We have a very clear goal on the horizon: €6 billion by 2024

Also referring to the Group’s expansion, Stefano Colli-Lanzi, sole shareholder of Gi Group Holding, said – “Our approach has enabled the Group to recognise the work of all employees worldwide, but also to develop a bold acquisition strategy.”

Besides its growth trajectory, the Group has been guided for 25 years by a clear purpose: to contribute to the evolution of the labour market and to embrace the ambitious opportunity – and responsibility – to change people’s lives for the better. Stefano Colli-Lanzi continued: “Work has the power to generate priceless personal and social value, the Italian mindset underpins our organisation and is reflected in the Fondazione Gi Group for Sustainable Work. Sustainable Work means achieving living and working conditions that support people so they can find and stay at work throughout their active lives, without compromising the ability of future generations to enter or remain in the workforce”.

Drawing on his experience as a father and a university professor, in constant dialogue with young people, Stefano Colli-Lanzi highlights 3 drivers to attract them – which remains the main challenge for the current labour market: focus on practice rather than theory, give them the opportunity to have a positive impact on society, ensure work-life balance.

Regarding the economic outlook, the war in Europe is a major concern for Colli-Lanzi, who is nonetheless positive about economic recovery. On the labour market front, what worries him is the skill mismatch, which affects all the countries where the Holding operates. Along with training and reskilling, international mobility will be – and in some countries already is – the key to overcoming the candidate shortage.

News – Steady growth through a quarter-century of strategic acquisitions

Gi Group Holding celebrates 50th strategic acquisition marking 25 years of steady growth and expansion

With the addition of The Bridge Social to Gi Group Holding’s HR Ecosystem, the company makes its 50th acquisition and further strengthens its service offer.
Milan, Italy (10 January 2023)

Gi Group Holding will announce the purchase of The Bridge, an HR technology consultancy focused on building and scaling up digital capabilities for multinational businesses, as the 50^th acquisition the business has made.

Founded in 2017 in Santiago de Chile, The Bridge Social offers clients a global network of creative, technological, and digital professionals, built on the promise of creating meaningful connections between companies and clients. The acquisition will allow Gi Group Holding to expand not only its regional presence, but also strengthen its offering in the HR technology space. Indeed, The Bridge Social’s cutting-edge technology, combined with Gi Group Holding’s expertise in recruitment and staffing, will provide a unique and comprehensive solution for clients looking to optimize their Technology, Design and Data science professional teams.

Over the years, Gi Group Holding management has pursued a measured, strategic approach to business growth: developing both internal company services and talent, while also acquiring new businesses whose service and product offerings complement and enhance the Group structure. This holds especially true when it comes to delivering the best services possible for Gi Group Holding clients and candidates.

Throughout our company’s history, strategic investments and acquisition have advanced our capability to grow and be resilient: even when faced with challenging market ebbs and flows. Our most recent 2021 results are remarkable, thanks to earnings contributions from the entire Gi Group Holding community amounting to 3.2 billion EUR in revenues (up by more than 30% against the 2020 fiscal year).

Gi Group Holding made its first acquisition way back in 2005 buying Fiat’s employment agency Worknet, making the Group the largest Italian-owned agency at the time; with turnover of 320 million EUR and 190 branches. Only a year later, it completed its first foreign acquisition by purchasing Germany’s Mumme Personaldientsleistungen GmbH, and in 2008 its first extra-European company purchase with the buy-out of the permanent and professional staffing service agency, Elixir. During that same year, the Group took over Brazil’s S&L Recurso Humanos, marking its first acquisition in Latin America, and completed further international expansion to China, France, and Spain.

Just three years later Gi Group Holding would acquire R4S, giving the Group a presence in the UK. In the mid-2010s, Gi Group Holding began making a series of strategic acquisitions to expand its service portfolio: it bought TACK & TMI in 2016 giving the company an international opening to Learning & Development services and in 2018 it acquired Grafton, a brand dedicated to the development of candidates and their professional profiles.

In 2022, Gi Group Holding purchased EUPro which significantly elevate the Milan-based group’s footprint and capabilities in Switzerland and the Principality of Lichtenstein, becoming number one in the Ticino Canton. Furthermore, Gi Group Holding took a further step with the acquisition of CVO Recruitment and Simplika, which allowed the Group to be present in Estonia and Latvia, strengthening its presence in the Baltic region.

In the last two years, the Group has made a couple of strategic, technology-focused acquisitions: first with its buy-up of the JobToME a Programmatic Job Advertising Solution company in 2021 and then, this year, by purchasing The Bridge Social.

“With all our business buy-ups and acquisitions, there is always a clear strategy to why we seek to acquire specific companies. This ranges from intriguing and client-beneficial product offerings on to access to new markets or the delivery of technologies that will streamline our work and service-delivery processes. At Gi Group Holding, we have always believed in a combination of organic (internal service-driven) and acquisition-based growth. As we reach the 50th company purchase mark, we are proud that this strategy has paid off and brought us a tremendous wealth of know-how, market access, and service + product innovation”

We, at Gi Group Holding, look forward to sharing continued successes as our passionate team of professionals across the world, and from all the above-mentioned, successfully integrated businesses, work together to implement our strategic vision and make a difference for People, Labour Markets, and Society by being More Than Work.

News – Acquisition in Latin America

Gi Group Holding announces the acquisition of HR tech leader “The Bridge Social”, further strengthening its position in Latin America

Milan, Italy (10 January 2023)

Gi Group Holding today announced the 50^th acquisition within its 25-year history – being celebrated in 2023 –with the acquisition of The Bridge Social (www.thebridge.social), an HR technology consultancy focused on building and scaling up digital capabilities for multinational businesses. With a strong presence in Latin America, the company counts with offices in Brazil (Rio de Janeiro and São Paulo), USA (Miami), Chile (Santiago de Chile), Mexico (Jalisco), and Colombia (Bogota). The acquisition further highlights the strong growth trajectory for Gi Group Holding, as a leader in the global staffing and recruitment industry through an HR ecosystem that offers a full suite of tailored solutions through seven complementary brands present in more than 30 countries worldwide. Indeed, since 2020 alone, the company has completed 17 strategic acquisitions, most recently in December 2022 with EUpro Holding AG (Switzerland & Lichtenstein), and CVO Recruitment and Simplika in the Baltic region. The addition of The Bridge Social enhances Gi Group Holding’s capabilities and presence in Latin America with high-profile customers as well as a robust base of over 300 thousand qualified, competitive technology, marketing, sales and operations candidates able to impact business challenges. Indeed, just this year, Gi Group Holding has focused on LATAM by acquiring Stato, one of the top outplacement consulting firms in Brazil, Focun Group, the leader in Colombia’s staffing and Business Process Outsourcing industry, and Bruno Matarazzo Y Asociados a renowned Argentinean Outplacement Consulting Firm.

We are thrilled to welcome The Bridge Social to the Gi Group Holding global HR ecosystem. This is a very special step in our company’s 25-year history, which has not only grown organically, but also through strategic acquisitions that have helped us strengthen our capabilities and presence in many regions. Through this latest acquisition, our 50th, we are thrilled to elevate our existing offerings through The Bridge Social’s technology expertise and robust presence in Latin America.

Founded in 2017 in Santiago de Chile, The Bridge Social offers clients a global network of creative, technological, and digital professionals, built on the promise of creating meaningful connections between companies and clients. The acquisition will allow Gi Group Holding to expand not only its regional presence, but also strengthen its offering in the HR technology space. Indeed, The Bridge Social’s cutting-edge technology, combined with Gi Group Holding’s expertise in recruitment and staffing, will provide a unique and comprehensive solution for clients looking to optimize their Technology, Design and Data science professional teams. The Bridge Social offers local and international opportunities, working with leading companies, agencies and start-ups through offerings that include:

• Digital Recruitment: the company’s proprietary technology, framework and expert digital recruitment teams guarantee an agile and seamless selection process drawing from a database of 300,000+ qualified digital candidates across Software Engineering, UX, Analytics, Cloud, Cybersecurity and more.
• Executive Search: recruitment and selection of top-level professionals focused in the Digital industry, ranging from Directors to C-Suite executives; to overcome complex business scenarios and truly evolve companies.
• Staffing Services: full-service global HR management including payroll, contracts, and more.
• Additionally, offering of a network of key freelancers to source the best digital talent across the Americas

Commenting on the acquisition, Stefano Colli-Lanzi, CEO and Founder of  Gi Group Holding says: 

Joining forces with Gi Group Holding is an exciting opportunity for us to expand our reach into new regions, industry segments and categories. In addition, we plan to further enhance our platform and technology, delivering a state-of-the-art solution to assist companies in securing the best digital talent in the world. We are confident that together, we will be able to provide even more disruptive solutions for our clients and continue to be a leader in the HR technology industry.

Advisors for Gi Group Holding:

Legal:
LRI – Lautenschlager Romeiro e Iwamizu Advogados
Av. Paulista, 1842 – 22º andar – Torre Norte
São Paulo – SP – 01310-200 – Brasil
www.lrilaw.com.br

Finance and tax:
Rödl & Partner Consultores Ltda
Rua Verbo Divino 1488, 3º Andar Sala 3A
04719-904 São Paulo – SP – Brasil

M&A:
Blackwood Capital Group
5 Welbeck Street.
London W1G 9YQ.
United Kingdom.

Advisors for The Bridge Social:

M&A:
Stark Investment Banking
Rua Fidêncio Ramos, 160
Cj. 706/707, Vila Olímpia
São Paulo-SP

Gi Group Holding people involved in the Acquisition:

Maurizio Uboldi, Head of M&A

Gabriele Cagini, Global M&A Project Manager

Dario dell’Osa, Global Legal Senior Director

Rui Rocheta, Regional Head LATAM, Iberia, Turkey

News – Statement about Gi Group Poland

Gi Group Holding statement about Gi Group Poland – update

Milan, Italy (21th December 2022)

Regarding the sentence taken on 20 December 2022 by the Court of Appeal in Warsaw to dismiss the challenge brought by Tomasz Misiak, the former shareholder of Work Service S.A., against the decision of the ICC International Court of Arbitration, Gi Group states as follows:

• We welcome the legally final and binding decision of the Court of Appeal in Warsaw which dismissed the challenge by T. Misiak, the co-founder and former shareholder of Work Service S.A., who alleged that he had been coerced into selling his shares. Thereby the Court confirmed the validity of the arguments raised by Gi Group as to the enforceability of the share purchase agreement that we concluded with T. Misiak in August 2020. In its oral justification the court fully agreed with the ICC verdict having no doubts as to the impartiality of any of the arbitrators. The court also stated that taking under consideration the testimony of T. Misiak himself – there is no basis for finding that T. Misiak was threatened before selling his Works Service (present name: Gi Group Poland) shares.
• Gi Group Holding’s (including Gi Group Poland’s) plans are not impacted whatsoever by the legal Gi Group’s plans are going ahead and are being implemented regardless. Gi Group Holding is a reliable and long term investor in its Polish subsidiary, focusing all its efforts on intensive development of Gi Group Poland. The effects may be seen in the complete change of the financial and economical results since the entrance of Gi Group as the majority owner, published by Gi Group Poland, as it remains public listed company on Warsaw Stock Exchange.
• Gi Group Holding and its subsidiaries always act in line with rules of law and Gi Group puts its trust in the decisions of the courts. It operates according to internal regulations and deeply believes in those principles on which its business is based, such as responsibility, reliability and honesty.

Background

• The share purchase agreement between T. Misiak and Gi International, a Gi Group company, was signed in August 2020. T. Misiak later alleged that he had been coerced into selling his shares and refused to perform the aforementioned agreement. Acting pursuant to the agreement, Gi International filed an application to the ICC International Court of Arbitration to resolve the dispute between Gi International and T. Misiak.
• On 17 December 2021, the panel of three arbitrators (two named by each party and one elected by the ICC Arbitration Court) found that T. Misiak had freely and without any threats entered into the contract with Gi International and the arbitration panel awarded PLN 5.9 million to Gi Group for T. Misiak not complying with his commitment to sell his shares. None of the three arbitrators had a separate opinion. The same conclusion – namely that there is no evidence suggesting the alleged threat – was reached by all (three) panels of the Regional Court of Warsaw, which ruled in second-instance injunction proceedings on the claims of T. Misiak (on 9 April 2021, 14 July 2021 and 1 September 2021, respectively).
• Even before the Court of Appeals issued its verdict yesterday the claims relating to the alleged threats have already been subject to rulings by five different bodies (3 panels of state courts, the prosecutor and an arbitration tribunal), none of which gave credence to them. And now the Court of Appeal in Warsaw has again (and finally) confirmed that there is no evidence supporting the allegation that any threats were made towards T. Misiak before selling his Work Service shares. Yesterday’s judgment was thus the sixth and final decision confirming that the allegation on the threats are unsupported by any evidence.
• Despite the final ICC Arbitral Award, Gi Group Holding has not received any payment from T. Misiak who declared that he does not own any assets nor properties. For this reason Gi Group Holding has opened civil proceedings against T. Misiak including proceedings to declare the enforceability of the award of the arbitration. The court has come to doubt T. Misiak’s assertions regarding his financial situation and after its own investigation, the court ruled that T. Misiak’s motion for exemption from court costs is not justified.
• The Polish court delivered on 20 December 2022 the judgment dismissing T. Misiak’s action challenging the ICC Arbitral Award on various grounds in the Polish courts. In its decision, the court dismissed in its entirety the challenge against the ICC Arbitral Award brought by T. Misiak. Because T. Misiak lost the case in its entirety, the Court of Appeal in Warsaw has ordered T. Misiak to pay the full court fee (PLN 200.000) and to pay the legal fees of GI Group Holding in the court proceedings.

News – Acquisition in The Baltic Region

Gi Group Holding acquires CVO Recruitment and Simplika

The Investment in this HR & Business Partner Company enables Gi Group Holding to Strategically Enhance its Presence in The Baltic Region.
Milan, Italy (7th December 2022)

Gi Group Holding today announced the acquisition of CVO Recruitment and Simplika, the Baltic region’s leading executive search, recruitment, and staffing company, with a strong presence in Estonia, Latvia and Lithuania. The announcement represents the latest step in a significant growth journey as Gi Group Holding evolves into an HR ecosystem that offers a full suite of tailored solutions and a direct presence in 29 countries.

CVO Recruitment and Simplika was founded in the year 2001 in Estonia. Its companies collectively generate revenues of €16 million annually by partnering with over 450 clients through handling an average of over 850 recruitment projects per year and providing temporary employment to over 500 workers on a daily basis. Rooted in professionalism and quality data and insights driven local market knowledge, CVO Recruitment and Simplika counts with a total of 35 passionate executives which will complement the Gi Group Holding Lithuania executives that currently focus on recruitment and HR services for Temporary, Permanent, and BPO assignments.
The transaction, on the other hand, marks Gi Group Holding’s market entry into Estonia and Latvia.

The acquisition of CVO Recruitment and Simplika marks a strategically important move within Gi Group Holding’s growth journey. By joining forces with this respected group of companies, the Holding will enhance its presence in the Baltic region, further cementing our footprint in the European continent. This acquisition will enable us to further enhance our offerings and uncover new opportunities that ultimately add value to an ever-evolving labour market.

CVO Recruitment and Simplika two distinct, yet complementary brands are: CVO Recruitment, which recruits middle and top-level specialists as well as top managers and Simplika, which focuses on personnel leasing and staffing plus recruitment of junior and middle level specialists; complemented by related services such as market consultation, onboarding and outplacement. Collectively, both business lines specialise in recruitment in the fields of technology (including IT), finance and analytics, sales & marketing, management, and more.

With dedicated teams of consultants and support staff across the Baltic region, led for many years by outstanding professionals in their field, our Managing Directors, and shareholders, Julija Lobanovska (Latvia), Triin Raamat (Estonia) and Valerija Buzeniene (Lithuania) the company has successfully achieved its vision of making a positive and concrete impact on both our client and candidates lives.
This 21+ year journey has seen our group of companies evolve and effectively become the leading HR & Business Partner in the Baltic Region, a remarkable achievement. I look forward to further successes that will be enabled by becoming part one of the world’s most esteemed players in the global HR industry.

Advisors:

PwC Lithuania has acted as the exclusive buy-side advisor to the Gi Group in their acquisition of Verita Solutions OÜ, which manages personnel leasing & staffing companies CVO Recruitment and Simplika.
The project, which was led by Petras Misiūnas and Greta Didžbalė, included the provision of financial, tax and legal due diligence, as well as other transaction support services.

The project showcased excellent collaboration between the Deals, Tax and Legal advisory teams in PwC Lithuania, PwC Latvija and PwC Estonia:

• The financial due diligence was led by Teet Tender, Greta Didžbalė, Gerds Ivuskans and Raul Ruubel.
• Tax due diligence team included and was led by Kristina Grinevičiūtė, Īva Saicane and Martin Tois.
• Legal due diligence, as well as other legal transaction support, was provided by teams led by Elena Mickevičienė, Karin Marosov and Jānis Gavars.

Gi Group Holding people involved in the Acquisition:

Maurizio Uboldi, Head of M&A

Gabriele Cagini, Global M&A Project Manager

Daniele Merlerati, Regional Head – APAC, Switzerland, Lithuania

Dario dell’Osa, Global Legal Senior Director

News – Acquisition in Switzerland and Lichtenstein

Gi Group Holding acquires Eupro Holding AG

A leading recruitment and human resources player in Switzerland and Lichtenstein, one more significant step in the company’s path to becoming a fully global HR ecosystem.
Milan, Italy (1st December 2022)

Gi Group Holding today announced the acquisition of Eupro Holding AG, a group of leading Swiss-based companies (“Eupro”) focused on the recruitment and human resources industry. The transaction further highlights the strong growth trajectory for Gi Group Holding, as a leader in the global staffing and recruitment industry through an HR ecosystem that offers a full suite of tailored solutions through seven complementary brands present in 29 countries worldwide.

Indeed, between 2020 and 2021 alone, the company completed eight strategic acquisitions, with an additional four expected by the end of 2022 (including EUpro). Specifically, the addition of EUpro to Gi Group Holding will significantly elevate the Milan-based group’s footprint and capabilities in Switzerland and the Principality of Lichtenstein, bringing its total temporary and permanent staffing business to €120 million in annual revenues, in addition to its Jobtome brand presence, which counts with €35 million in revenues. Today, with the addition of EUpro Holding, Gi Group Holding’s strength in Switzerland and Lichtenstein counts with 21 branches across 19 Cantons (regions) and more than 90 employees, placing roughly 3,600 candidates a year through 1,400 total clients. More specifically, now Gi Group Holding is placed amongst the top 15 players in the industry and number one in the Ticino Cantonu

Gi Group Holding is thrilled to welcome Eupro Holdings as part of our global HR ecosystem. This acquisition allows us to consolidate our position as a leading provider of recruitment services also in Switzerland and Lichtenstein. It is a crucial step in further developing our position as one of the biggest providers of HR services in Europe.

Eupro, since its founding in 1997, has grown into 2 brands in 2022 (Eupro, BauTech AG), providing clients with temporary or permanent staffing service, with a primary focus on the construction and manufacturing industries. Eupro is a member of Swisstaffing, the national association of recruitment agencies, and is ISO 9001 certified with compliant quality management systems.

Eupro’s integration into Gi Group Holding is a testament to the hard work of our passionate staff who, since our founding in 1997, have worked as true, trusted partners for our clients and candidates, ultimately creating a strong footprint within Switzerland and Lichtenstein; one that will now be exponentially amplified thanks to our entry into a company with true global capabilities and vision. We look forward to this next and exciting chapter.

Effective immediately, Eupro will begin a rebranding process into Gi Group Holding, with the exception of BauTech AG, which is expected to be rebranded in 2024.

Advisors:

Financial: Accuracy
Renato Vigezzi, Partner
Davide Bordo, Senior Manager
Darko Schwarzberger, Director

Legal e tax: Bär & Karrer AG, Lugano
Paolo Bottini, Partner
Andrea Ziswiler, Senior Associate
Michel Morelato, Senior Associate

Gi Group Holding people involved in the Acquisition:

Maurizio Uboldi, Head of M&A

Gabriele Cagini, Global M&A Project Manager

Daniele Merlerati, Regional Head – APAC, Switzerland, Lithuania

Dario dell’Osa, Global Legal Senior Director

Nicola Dell’Edera, Global Chief Financial & Procurement Officer

News – Work Service update

Gi Group Holding statement about Gi Group Poland (former Work Service)

Milan, 28 of November 2022

Regarding some disputes involving Mr. Tomasz Misiak and covered by different medias in which, directly or not, Gi Group Holding has been mentioned, Gi Group Holding states as follows:

• The facts mentioned in the interview given by Mr. Misiak on Puls Biznesu the 18th of November for which Mr. Misiak, with other managers of Work Service, has been accused of defrauding PFRON of PLN 42 million in subsidies, happened before the entering of Gi Group Holding as shareholder; as a consequence of that Gi Group Holding has nothing to do with these topics. Nevertheless, Gi Group Holding is ready to take all necessary steps to fully cooperate with Polish authorities and to take all the needed actions to preserve the reputation and honorability of its subsidiary Gi Group Poland (former Work Service).
• Regarding the part of the above mentioned interview in which Mr. Misiak claims that “…she (his former wife) played a significant role in my conflict with the company that took over Work Service, as I was threatened with her testimony in order to force a lower share sale price. And this happened, and Eva remains to this day in cooperation with my opponents.” Gi Group Holding totally rejects to be in any kind of cooperation with Eva Mantziou, former wife of Mr. Misiak and former employee of Work Service. Gi Group has instead 3 court proceedings with Eva Mantziou, for topics referred to the period in which she was an employee of Work Service before the entering of Gi Group Holding.
• Gi Group Holding denies that the purchasing of Work Service was made in connection with any threats made against Tomasz Misiak. This has been confirmed by the final judgment of the ICC Arbitration Court which found that T. Misiak had freely entered into the contract without any threats, and condemned Mr. Misiak to pay 5.9 m PLN to Gi Group Holding for not complying with his commitment to sell his shares. The same conclusion – namely that there is no evidence suggesting the alleged threat – was reached by all (three) panels of the Regional Court of Warsaw, which ruled in second-instance injunction proceedings on the claims of T. Misiak. These claims relating to the alleged threats have already been subject of rulings of five different bodies (3 panels of state courts, the prosecutor and an arbitration tribunal), none of which gave credence to them.
• Despite the final ICC Arbitral Award, Gi Group Holding has not received any payment by Mr. Misiak who declared that he does not own any assets nor properties. For this reason, Gi Group Holding has opened a civil proceeding against T. Misiak including proceedings to declare the enforceability of the award of the arbitration. At the same time the court has come to doubt for Mr. Misiak’s assertions of his financial situation and is conducting an investigation about that.
• Regarding the article published by Radio Zet on 25.11.2022, GI Group Holding notes that there are no legal grounds allowing to set aside the Arbitral Award issued by the ICC Tribunal. This Award was issued by three of the most respected arbitrators, in accordance with the ICC procedural rules, international standards and after an in-depth examination of the case by the ICC Tribunal. In particular, all the arbitrators were selected in a standard procedure in which both parties had the opportunity to challenge each arbitrator. Mr. Misiak began challenging one of the arbitrators only after the ruling unfavorable to him was issued. Regarding the same article published by Radio Zet, GI Group Holding has no knowledge of any criminal proceedings initiated by T. Misiak relating to the notification of GI International S.R.L. of a crime, which was allegedly not committed. In any case, Gi Group Holding notes that all the proceedings started by Gi Group have been based on true facts and legal merits.
• Determination of guilt and possible conviction of all the individuals involved is in the hands of the Polish courts. Gi Group Holding will use all possible ways, legal actions included, in the respect of the law as well as of the internal corporate regulations, to protect its business and reputation.

News – Tack TMI acquire Tack TMI Malaysia

Tack TMI acquire Tack TMI Malaysia

Tack TMI further enhances its direct global presence through the acquisition of licensee, Tack TMI Malaysia.
Tack TMI, (15th November 2022)

Gi Group Holding is delighted to announce that its Learning and Development Division, Tack TMI has acquired “TMI Consultancy Sdn. Bhd.”, formally an externally owned licensee of Tack TMI and doing business in Malaysia as “Tack TMI Malaysia”.

This acquisition further reinforces Tack TMI’s direct global presence and creates a local office in Southeast Asia for the first time in its more than 100-year combined history.

Tack TMI Malaysia has been prominent in the Malaysian market for over 17 years and is highly regarded for its impactful learning and development solutions, and high profile and dedicated Team.

This acquisition will further strengthen Tack TMI Malaysia’s presence in the region. First, by becoming part of Gi Group Holding – one of the world’s leading multinational staffing companies – it enters a world-class HR ecosystem. In addition, by joining Tack TMI, it will benefit from additional sales and marketing support, as well as a focus to accelerate its digital offering. For regional clients, the acquisition will mean access to the global knowhow and implementation strength of Tack TMI.

Commenting on the acquisition, Jim O’Brien, CEO Tack TMI stated:

As one of the major global L&D players and also part of Gi Group Holding, we continue to grow and invest in the Tack TMI business. The Asian L&D market is forecast to be larger than Europe in 2023 for the first time, so a physical regional hub will ensure we are at the forefront of this accelerated growth. The support from the Tack TMI Headquarters will allow us to introduce new services, benefit from the economy of scale, share best practices, and contribute to our mission to change lives around the world

George Aveling, the founding CEO of Tack TMI Malaysia said:

I am proud to be associated with the dynamic Gi Group Holding, and am extremely pleased that Tack TMI Malaysia will be left in good hands. We have built a reputation for quality and impact. The direct presence of Tack TMI Global, in Malaysia, through Gi Group Holding, will strengthen the ability of the Malaysian team to serve and add value to clients

Agnes Elizabeth, currently Chief Strategy Officer at Tack TMI Malaysia, will take over the leadership of the company on 1st January 2023.

George Aveling will continue to act as an advisor and a consultant.

News – World Mental Health Day 2022

Mental Health and Well-Being for All – A Global Priority

Over the last few years, mental health issues have emerged as one of the leading causes of disability across the world.
Growing social and economic inequalities, protracted conflicts, violence and public health emergencies threaten progress towards improved well-being, and this growing challenge is further exacerbated by a lack of awareness and understanding of the subject.

According to The World Federation for Mental Health, “The culture of our workplaces needs to support mental health and well-being of the workforce, so that employers are better prepared to support mental health and well-being in the working population”. However, Gi Group Holding India’s research “All in the Mind: The Leadership Factor 2022” shed light on a substantial disconnect between employer and employee perceptions related to the causes and influences of mental health.

The 2022 World Mental Health Day  theme, ‘Make Mental Health & Well-Being for All a Global Priority’, provides all of us with an opportunity to reflect on the need to reshape work environments to promote and protect mental health.

Leading the way to Sustainable Work

At Gi Group Holding, our passionate people are driven by a clear purpose: contribute to the evolution of the Labour Market through our daily work and embrace the ambitious opportunity – and responsibility – to change people’s lives for the better.

Led by our Sustainable Work Manifesto, we perform our activities while protecting human rights and guaranteeing dignified working conditions to the people directly (employees) and indirectly (suppliers and partners) involved. We raise the bar for human rights as related to decent and inclusive work, meritocracy, equity, and well-being.
We protect the most vulnerable workers by promoting greater social security for all, especially women and younger generations.
Furthermore, we undertook a series of measures to support the well-being of our employees on a global level and to increase spending power during the Covid-19 pandemic.

We are indeed aware that the path towards supporting the well-being of the working population is a journey of continuous growth and evolution, and we know that there is much left to do.

The Gi Group Foundation

To strengthen our commitment to support the development of a sustainable world of work, we rekindled our efforts by establishing the Gi Group Foundation.
Lowering youth unemployment by aiming to effectively engage young people in the world of work and promoting “virtuous” flexibility capable of meeting the needs of companies while also guaranteeing security to people, are at the heart of our Foundation’s activities.

By involving academic, institutional and corporate personalities, the Gi Group Foundation has set in motion a project on Sustainable Work that is aimed at identifying possible actions to promote Sustainable Work and promote a better understanding of this theme among People, Companies, and Society.

By setting up its own Scientific Committee and by instituting an Observatory, our Foundation has kicked off a discussion that will lead to the establishment of tangible, replicable and measurable models that will guide the project towards the development of the concept of Sustainable Work.

News – Gi Group Holding acquires Encore Personnel

Gi Group Holding further expands its presence in the UK manufacturing sector through the acquisition of Encore Personnel

Encore Personnel, an ambitious and leading regional recruitment organisation, joins Gi Group Holding, one of the World’s Leading HR companies.
Milan, Italy – 1st October 2022

Gi Group Holding, one of the world’s largest multinational staffing companies, and active in more than 100 countries across the globe, has concluded the acquisition of Encore Personnel, a well-established, UK-based recruitment company.

Active for more than 20 years, Encore operates through 11 branches plus 22 managed service sites, offering temporary and permanent recruitment solutions, to clients across the UK.

It was always my preference that should Encore be acquired it would be by a world-class recruitment leader in our sector, that shared our vision and cultural values, I am pleased to say this is very evident with Gi Group Holding

Commenting on the acquisition, Stefano Colli-Lanzi, CEO and Founder of  Gi Group Holding says: 

This latest acquisition allows us to consolidate our position as a leading provider of recruitment services to the UK’s driving, industrial, and manufacturing sectors. It will enable us to become even more competitive and in turn, strengthens our position as a global player in the recruitment sector

I’m very excited to welcome Encore Partners to the Gi Group Holding family, there are big opportunities for us to achieve synergies and to deliver solutions that truly respond to the increasingly complex needs of the UK market

About Encore Personnel

Encore Personnel is a multi-award-winning recruitment agency that has been recognised for its outstanding customer service and ambitious growth. Established in 2001 and employing more than 200 staff, the business grown to become a £94m turnover agency, providing temporary and permanent jobs to the industrial, driving, energy, engineering, manufacturing, managed services, and professional services sectors. Ranked as one of the fastest growth businesses in the UK (Sunday Times), it has been named in The London Stock Exchange Group’s prestigious ‘1,000 Companies to Inspire Britain’ twice over and has also been placed on Recruitment International’s Top 250.

News – Gi Group Holding Annual Report 2021

2021 Annual Report: our results and our strategy for the future

Record results in 2021 and positive performance across every foreign Country.
September 7th, 2022

“Through our services we want to contribute, as a key player and on a global basis, to the evolution of the Labour Market and to emphasize the personal and social value of work”. For this reason, we place ourselves daily alongside companies, candidates and institutions, supporting and guiding them in an improvement and development project.

The recently published Annual Report 2021 outlines the progress made towards achieving this mission. The document describes and highlights the performance of our Group over the past year, presenting the financial results and highlighting the improvements implemented and the growth opportunities we have seized.

The economic-financial results of Gi Group Holding in 2021 were the best in our history, with double-digit growth in revenue, which reached more than Euro 3.2 billion, +30.4% compared to the previous year, and positive performance across every foreign country, particularly in the temporary staffing business. Our international dimension is also confirmed by the contribution to revenue from foreign countries, which accounted for roughly 51% of the total.

In 2021, within Gi Group Holding we established a new function called “Digital, Innovation and Analytics”, with a view to designing and developing a Global Digital Transformation plan to be executed in the 2022-2023 two-year period, based on the construction of a Digital & Analytics platform common to all countries in which the Group operates.
The report is, also, an important resource for understanding our business and our strategy, through which we face the challenges of the moment and help our candidates, clients and society to build a successful future.

For more information, you can consult the dedicated page and download the complete Rport.

News – Gi Group Holding CSR Report 2021

Our Global Corporate Social
Responsibility Report 2021

How do we become champion of Sustainable Work? In our Global CSR Report all 2020 and 2021 initiatives, plans, achievements to strengthen our commitment towards all stakeholders.
July 18th, 2022

“Through our services we want to contribute, as a key player and on a global basis, to the evolution of the Labour Market and to emphasize the personal and social value of work”, the Global CSR Report 2021, published on 18 July 2022, outlines the progress made towards the realization of this mission.

The Labour Market is changing, and we want to be recognized as the worldwide player responsible for creating a sustainable streamlined and enjoyable global market for candidates and companies, reflecting Labour Market needs.

The document describes and highlights the Group’s actions over the past two years, presenting the plans and results achieved.

For us, Sustainable work means achieving living and working conditions that support people in engaging and remaining in work throughout an extended working life. We are catalysts and pivot points in a complex process of change, working in this “decade of action” as the world inches closer to the United Nations’ 2030 Agenda and its 17 Sustainable Goals, some of which we directly and indirectly impact.

The report is, therefore, an important resource for understanding how our Corporate Social Responsibility strategy is strongly embedded in our governance and business operations, through which we face the challenges of the moment and help our People, Candidates, and Clients to build a better Labour Market.

For more information, you can consult the dedicated page and download the complete Report.

News – The rationalization of the Group structure

Record results in 2021 and successfully completed the rationalization of the Group structure

Revenues € 3.2 billion, +30% vs 2020 and Net Profit € 40 million, +15% vs 2020
July 1st, 2022

Gi Group Holding, one of the main global players in HR services and consultancy, finalized on June 20th 2022 its reorganization by completing the rationalization of the corporate structure, and starting from today, July 1^st,2022 launches the new Group’s organization.

The decision follows the evolution of the Group and the desire to respond, with organizational efficiency, to the growing size of Gi Group Holding which achieved the best economic and financial results in its history in 2021, with a presence in 29 Countries worldwide, over 650 branches and offices and more than 6,700 employees.

The FY2021 ended with revenues exceeding € 3.2 billion, up more than 30% compared to the previous year, with a contribution from international revenues of about 51%. Profitability also increased with Gross Profit of € 423 million, +37% compared to 2020, EBITDA equal to € 115 million, +43% compared to 2020, and Net Profit of € 40 million, +15% compared to the previous year.

The evolution and continuous global growth led the management to start a process of renewal. In particular, the new structure aims to simplify hierarchical levels and governance by concentrating control under a single holding company, GI GROUP HOLDING S.p.A., with the resources to coordinate the activities of the Italian and foreign subsidiaries. The goal is to maximize overall value and internal synergies, simplify cash chain, improve the Group’s recognizability, promote M&A strategy and potential operations on the capital markets.

The strategy launched by Gi Group Holding has allowed a rapid growth not only in Italy but especially abroad thanks to the numerous and successfully M&A operations. Today we are in effect a world-class player, able to compete with sector leaders, with the ambition to continue with determination in the further development of our business. The growth path undertaken must also be sustainable and this is the reason why we have decided to simplify the Group’s structure in order to achieve efficiencies and facilitate extraordinary finance operations in the best possible way.

In executive terms, the reorganization is configured as follows:

• Merger by incorporation of “SCL HOLDING S.p.A.” into “GI GROUP HOLDING S.r.l.”, and simultaneous transformation into “Società per Azioni” with the adoption of a new statute;
• Partial demerger of “GI GROUP S.p.A.” in favour of “GI GROUP HOLDING S.p.A.” ;
• Merger by incorporation of “GI INTERNATIONAL S.r.l.”, into “GI GROUP HOLDING S.p.A.”.

Gi Group Holding holds the participation and intangible assets (brands and know-how), a team dedicated to the definition and control of the implementation of the Group’s strategic guidelines, as well as management activities, such as administration, finance, IT, marketing, in favor of subsidiaries.

Following a representation of the Group’s evolution:

News – New acquisition in Argentina

Gi Group Holding to Acquire Bruno Matarazzo Y Asociados Leading Outplacement Consulting Firm in Argentina

With this latest acquisition, the multinational HR group further strengthens its Latin America portfolio expansion strategy
Buenos Aires, Argentina – June 30th, 2022

Gi Group Holding, one of the largest multinational providers of human resources and outsourcing solutions, announces the acquisition of Bruno Matarazzo y Asociados (BMyA), the leading outplacement firm in Argentina.

Bruno Matarazzo y Asociados is a member of Career Star Group and has been leading the outplacement service in Argentina for over 30 years, operating through its own team of specialized consultants as well as local partners. Their leadership position is strengthened by their coverage of over 70% of the local market, providing consultancy in outplacement processes to the main firms across the country.

During the past year, Gi Group Holding has acquired six companies in Brazil and one in Colombia. This new addition to the Group in Argentina solidifies the place of our Group in the Latin American labour market. Through all of these companies Gi Group provides a wide range of HR related services with special focus in recruitment, temporary and permanent staffing. Its teams are characterized by their strong expertise, their solution-oriented focus and their empathy toward clients and candidates. In alignment with the company’s main values, Gi Group’s staff strive to be simple, human and experts.

Gi Group Holding has a direct presence in 30 countries around the world and in 2021 reached 3.2 billion euros in revenues by offering its services to more than 20,000 companies. This placed the Group as the 5^th largest European company in recruitment & selection, and the 16^th globally. The group counts with Latin America among its five largest markets.

After establishing ourselves as the leader in the biggest market in the region, Brazil, we continue our strategy of acquisitions to position Gi Group as the preferred provider of HR services in Latin America

We are proud to add to our portfolio a company as prestigious and renowned as Bruno Matarazzo y Asociados. This acquisition means Gi Group Holding can now offer in Argentina a full range of HR services from recruitment and personnel management to consultancy in outplacement

Gi Group Holding already counts with a well-established and recognized portfolio in the Argentinian market, composed of Temporary & Permanent Staffing, Outsourcing, HR Administration and Training.

News – Global Banking Day 2022

Global Banking Day 2022

Sharing with our financial partners our 2021 results, achivements and growth drivers.
Milan, Italy (09 June 2022)

On June 9th, we hosted our first-ever Gi Group Holding Global Banking Day, a moment to engage with our financial community and illustrate key strategic topics for our company.

2022 has been – and will continue to be – a very special year for the organization. With the creation of Gi Group Holding, our business strategy is crystal clear and
robust. We are propelling our business forward in a way that is now more integrated than ever, supported by strategic investments that enable us to
further our positioning as the leader in the global staffing and resourcing industry, generating positive impact for the regions in which we
operate. Some of these elements, as illustrated by our CEO & Founder Stefano Colli-Lanzi, Global Chief Financial Officer Nicola Dell’Edera, Global
Marketing & Communication Senior Director Luca Gatti, and Global Chief Digital & Innovation Officer Luca Giovannini, include: 

A Strategic Growth Trajectory

Since 1998, our company has evolved into the world’s 16th largest staffing and recruiting company (based on 2020 revenue figures), with a direct presence in 29 countries across Europe, APAC and the Americas and over 650 branches and offices.  By providing employment to 140,000 full time employees in 2021, our successes are driven by more than 6,700 passionate executives who are committed to our shared objective of creating a sustainable, streamlined and enjoyable Global Market for Candidates and Companies, reflecting Labour Market needs. All this while grounded in our purpose of Sustainable Work, which means putting into place actions across people, companies and institutions/society to promote living and working conditions that support individuals throughout an extended working life. And, looking ahead, our growth opportunity and strategic investments are tied to helping our clients navigate the complex issues our world is facing today, in turn giving us the ability to have an even greater positive impact on People, Candidates, and Clients. 

A Strategic Growth Trajectory

In April 2022, the new Gi Group Holding brand was launched to create further cohesion by giving one voice to our Company, lead integrated actions by all Business Lines. Additionally, along with a new and contemporary look and feel which respected our past, we’ve created a Corporate Value Proposition expressed in the payoff “More than Work” which encompasses pillars of being an ambitious Global HR Leader positively influencing the Labour Market, Championing Sustainable Work, fostering an enjoyable work environment across organizations and being a Top Employer for both candidates and our own employees. Complementing this, our internal Employee Value Proposition #ChangeLives expresses our ambition to have a positive impact on the lives of others. 

A Strategic Growth Trajectory

We are accelerating our digital offerings to meet – and anticipate – the needs of our business. We are doing this by implementing a digital transformation plan that is helping to embed an innovative mindset and put us at the industry forefront. Indeed, our investments in machine learning, analytics, on-premises data movement, and real-time data movement tracking are creating a complementary data and insights ecosystem that allows us to become a true digital-centric company. 

A Strategic Growth Trajectory

Throughout our company’s history, our calculated strategic investments and moves advanced our capability to grow and be resilient, even when faced with challenging market ebbs and flows. Our most recent 2021 results are remarkable, thanks to the contribution of the entire Gi Group Holding community counting with €3.2 billion in revenues (up by more than 30% vs. FY20) and a Net Profit of € 40 million (+15% vs. FY20). 2021 was, in fact, the first time we have achieved over €100 million in EBITDA (€115 million, +43% vs. FY20). And 2022 forecasts continue to see us on this positive path. With over 50% of our revenues from outside of Italy, our Group will continue to make investments – and open up to capital market opportunities that will further expand our footprint and leadership positioning in key markets around the world.  We are also continuing on a path to reorganize the corporate governance to become even more integrated and accelerate our International Growth trajectory, our ESG culture and foster an Innovative Business Model. 

We look forward to sharing continued successes as our passionate team of professionals across the world work together to implement our strategic vision and make the difference with People, Labour Market and Society by being #MoreThanWork.

News – Our Sustainable Work Manifesto

Gi Group Holding for a Sustainable Labour Market

Our Sustainable Work Manifesto is the official stance on our vision, beliefs, and concrete actions that we bring to life in our daily work to promote sustainability in the labour market.
Milan – May 26th, 2022

In today’s complex and fast-changing world, what role does a global HR company have in generating value?

At Gi Group we are More than Work, we want to have a positive, life-changing impact on our Employees, Labour Market, Companies and Society. Since 1998, through our services, we pursue our mission “to contribute as a key player and on a global level to the evolution of the labour market and emphasise the personal and social value of work”.

Our commitment to a Sustainable Work is enriched a continuous dialogue with our main Stakeholders:

We will continue to encourage this dialogue, because we believe that Sustainable Work is not only a priority for the future, but it should be a reality for society, for companies and for people, with a special concern for future generations, and the most vulnerable or under-represented groups.

Discover Our Sustainable Work Manifesto here.

News – Gi Group Holding acquires Focun Group in Colombia

Gi Group Holding expands footprint in Colombia tenfold through the acquisition of key local player, Focun Group

Effective Immediately, the Transaction adds a Robust Network of Staffing & Business Process Outsourcing Offerings across the South American Nation to Gi Group Holding, one of the World’s Leading HR Companies
​
Milan – May 11th, 2022

Today, Gi Group Holding announces its latest step in its global expansion journey with a strategic transaction in the Colombian market: the acquisition of Focun Group, the leading multi-brand organization in the country’s staffing and Business Process Outsourcing industry. Focun Group is now part of the Milan-based Gi Group Holding which, through a complementary ecosystem of HR solutions, provides services to over 20,000 companies across the world. Founded in 1990, Focun Group counts with over 30 years of proven experience as one of Colombia’s staffing and Business Process Outsourcing industry leaders. Under the direction of co-Founders Marlene Serrano and Isabel Arciniegas, its successful track record is the result of both a calculated and strategic growth trajectory coupled with the identification of key industries in which to invest resources. With this new operation, Gi Group Holding’s presence in the Colombian market will increase tenfold (10x). Through this venture, ultimately, more than 7,000 people will be provided employment and this will also place Gi Group Holding in the top 10 HR companies in Colombia.

Headquartered in Bogota – the nation’s capital – and with presence in a total of nine (9) different key cities in Colombia, Focun Group operates across two businesses: T&S, which provides staffing services, and ESI, which is focused on outsourcing services through a number of individual brands:

1. T&S Temservice: an expert in temporary service offerings by placing and managing top talent. In 2021, this unit handled an average of 14,000 deals per year and sourced 5,000 workers through 320,000 candidate profiles for 200+ clients. These clients include national and multinational companies from industries that range from finance, industrial, logistics, through to CPG, cosmetics and more.

Renowned for high standards, T&S is affiliated with the Bogota Chamber of Commerce, ACOSET (Colombian Association of Temporary Services Companies), and ACRIP (Colombia’s National Federation of Human Resources).

2. ESI: a portfolio that extends clients an integrated suite of outsourcing solutions across highly specialized brands. In 2021, ESI provided employment to 1,000 people through 200+ key clients, drawing from industries such as industrial, pharmaceuticals, retail, finance, logistics, and more. Key brands include:
   • IMPAKTE: trade marketing support, aimed at improving the end consumer experience.
   • ALKHO: assistance for managing industrial processes, like outsourcing for projects focused on the management of industrial processes that include production, primary and secondary packaging process, industrial maintenance and internal supply logistics.
   • Facility Management Corp: general solution services for companies in need of staff for facilities maintenance/cleaning, industrial cleaning, maintenance as well as catering services, gardening, courier/messengers, and other generalist positions.

As with T&S, the brands across the ESI portfolio are affiliated with key organizations and partners to ensure the highest levels of industry knowledge and standards.

We are proud to welcome Focun Group to Gi Group Holding. This strategic move comes on the heels of our new Holding global corporate brand launch and highlights our commitment to being a global industry leader thanks to the contribution of key players who share our values, just like Focun Group in Colombia
– Stefano Colli-Lanzi, Gi Group Holding CEO

As leaders in the Colombian human resources industry, we have always admired the footprint and know-how of the Gi Group Holding ecosystem. With this latest step in Focun Group’s 30+ year history, we look forward to tapping into a network of passionate colleagues that will help enrich the daily work we do and further elevate our work on a world-class scale. – Marlene Serrano, Co-Founder of Focun Group

Over the last 30 years, Colombian society has witnessed periods of both great challenges and opportunities. Throughout this time, our company and our people have worked hard to tackle these challenges and to generate a positive impact on people’s lives. This new partnership with Gi Group Holding for us represents an important milestone, providing a remarkable opportunity to continue on this value creation path. We look forward to the exciting new journey. – Isabel Arciniegas, Co-Founder of Focun Group

News – The Launch Of Gi Group Holding

Gi Group Announces The Launch Of Gi Group Holding

The New Corporate Brand Represents The Company’s Global, Multi-Brand Staffing And Recruitment Business Ecosystem With A Footprint In 30 Countries.
Milan – 4th April, 2022

With revenues of €3.2 billion and a staff of over 6,000, the creation of the new holding company enables a more integrated and strategic approach for one of the world’s leading provider of services for the evolution of the labour market.

Today, Gi Group announced its evolution with the launch of Gi Group Holding (www.gigroupholding.com). Effective immediately, the new corporate brand further unifies the strategic approach and impact of Gi Group Holding solutions, which provides a full suite of staffing and recruitment services. Headquartered in Milan and counting over 6,000 employees, thanks to its direct presence, the group is active in 30 nations worldwide. The new Holding company – through its key brands – provides services to more than 20,000 companies generating revenues of €3.2 billion (2021 figures ), making it the 5th largest European staffing firm, and 16th worldwide. Collectively, over the past five years, between 2017-2021, the group has experienced an increase in revenues of 65% (+€1.3 billion). Against the backdrop of the current complex global human resources situation, these positive results – coupled with this important step in the company’s history – highlight the group’s leading position in the marketplace. Indeed, Gi Group Holding aims to create a sustainable, streamlined, and joyful Global Labour Market, reflecting the ever-changing needs of candidates and companies.

The core purpose of Gi Group Holding is to demonstrate value for “More than Work” by supporting candidates in their daily lives and promoting positive and open environments through a commitment to creating enjoyable and safe working environments, in turn providing collaborative workplaces where employees feel free to express themselves and propose new ideas and solutions.

Indeed, Gi Group Holding’s global integrated HR Services ecosystem works to generate sustainable social and economic value, in turn building an enjoyable work environment that can be life-changing for employees. Through the employee value proposition -“Changing Lives”, – the Group’s global, yet complementary brands, offer a 360° suite of offerings that provide relevant, and impactful solutions to any client challenge, with expertise in quickly responding to – and anticipating – global and regional market trends and needs. These brands are:

• Gi Group: temporary staffing and development
• Gi BPO: business processes outsourcing
• INTOO: career transition and employability
• Wyser: Middle & Senior Manager search and selection
• Grafton: professional staffing
• TACK/TMI: learning and development

Over the next five years, the Group’s business strategy will focus on further consolidating stronghold markets (Italy, Brazil, UK, Germany, France, Poland, China, & Spain) and on accelerating in high growth opportunity countries through organic growth and possible acquisitions. Additionally, the Group will work to reinforce and enhance its core Temporary Staffing business. A further strategic focus will be its Professional Staffing services, which has considerable potential, particularly through growing relationships with Top Corporate Clients.

Driving Gi Group Holding’s business strategy is CEO Stefano Colli-Lanzi, who stated:

Today marks an important and proud day in the history of our company. Since our founding in 1998, thanks to the invaluable contribution of our passionate employees worldwide, our organisation has grown to become a leading force in the human resources industry. Never before has the care for the individual been so crucial for organisational success. And with the creation of Gi Group Holding, our mission is increasingly clear: to contribute to the evolution of the sustainable labour market and to emphasize the personal and social value of work.

Among the priorities of the company’s people-first strategy is the promotion of Sustainable Work: a purposeful thread that is woven throughout the entire Holding’s activities. Through Sustainable Work, Gi Group Holding aims to elevate industry standards through activities that promote a shared, multi-stakeholder responsibility in helping achieve living and working conditions that support people throughout an extended working life. In fact, Sustainable Work refers to:

• People: Helping grasp the meaning and value of work, taking care of psycho-physical well-being, investing in the development of hard and soft skills, and building professional and leadership relationships.
• Companies: Improving resiliency, prioritising innovation and value creation, and investing in human capital. Additionally, promoting diversity and inclusion, reducing waste and paying attention to key environmental issues.
• Institutions: Developing and supporting active labour policies, fighting undeclared work and tax evasion, promoting sustainable flexibility, reducing skills mismatch and promoting training to enhance people’s employability.

The launch of Gi Group Holding is enhanced with a digital ecosystem that includes new global website (www.gigroupholding.com) and dedicated LinkedIn page where news, insights and other engaging content will be made available for our global community.

News – “We Stand For People”, a global campaign in support of the ukrainian humanitarian crisis

“We Stand For People”, a global campaign in support of the ukrainian humanitarian crisis.

The initiative puts into action the global resourcing and staffing company’s footprint and core business expertise to provide concrete refugee support.
Milan, 31/03/2022

Gi Group Holding, a leading global multi-brand HR and staffing company responds to the alarming humanitarian crisis in Ukraine with the announcement of We Stand for People, a campaign that puts into action the collective power of the Group’s passionate workforce and closely-knit network. Over the past weeks, the project was developed with the objective to bring together numerous strategic actions that embody the values of this humancentric company. These include providing on-the-ground support to refugees, the creation of an online information and recruitment hub for job seekers from Ukraine as well as activating a global fundraiser in support of Fundacja Gi Group, the group’s foundation in Poland. These actions aim to contribute a grain of salt in positively impacting the lives of an estimated 3.5 million refugees who have fled Ukraine since February 24th this year (UNHCR figures).

Gi Group Holding & On-the-Ground Support

Gi Group Holding, which has two offices and 10 employees in Ukraine, moved quickly in late February as the regional conflict escalated, and made ensuring the safety and wellbeing of its staff there a top priority. Subsequently, through a dedicated Relocation Programme, four Gi Group Holding employees who asked to be relocated were moved to Poland and provided accommodation.

The company also took action on-the-ground by setting up an emergency response operation coordinated by a Global Task Force as well as byan ad hoc Emergency Team in Poland. The Polish team oversees support activities in the country, where the number of refugees is estimated to have reached almost 2.2 million. The teams are in continuous communication with local governments, provincial and communal offices and are joining forces with other industry and employer organisations to optimize efforts; partners include The Polish HR Forum, Lewiatan Confederation and Employers of the Republic of Poland. The Group’s support for refugees includes dedicated contacts for individuals so they may obtain assistance through a Lviv-based 24-hour phone contact centre named HELP reachable via mobile, SMS, Viber and WhatsApp. The centre, run by Polish and Ukrainian speakers and managed by Gi Group Ukraine, provides information regarding transportation, accommodation, legal and visa matters, and more. This is further complemented by physical support points staffed around-the-clock by volunteers from the Gi Group Holding network, located in Przemyśl (near the Ukrainian border) as well as at the Company’s Polish offices in 28 cities. Gi Group Holding is also providing support at the Slovakian, Hungarian and Romanian borders – as well as through a dedicated aid depot in the Czech Republic. In these areas, assistance is offered refugees with basic support: transportation, accommodation, food, clothing, blankets, medicines, toiletries, baby products, etc.

Job Placement Assistance

Gi Group Holding’s hope is that refugees will be given the opportunity to thrive in their new realities. For this reason, leveraging its core business expertise, the company has developed an Open Jobs Website in Ukrainian (ChangeLives.gigroup.com) to connect refugees with companies across Central, Eastern and Western Europe offering qualified employment opportunities. To date, the Group has helped around 700 Ukrainian refugees find work (570 women / 122 men) with 80 companies in both Poland and the Czech Republic. The Group has also provided support to families by extending childcare services and school supplies for over 200 children.

Global Fundraiser

Furthermore, the Holding launched a global fundraiser benefiting the Group’s Polish foundation Fundacja Gi Group. Funds raised are being distributed to support refugees during their new employment within the Gi Group Holding ecosystem, to contribute to those being hosted in accommodations provided by employees, and to support other related charities. Information on how to donate can be found through the dedicated website, donate.gigroup.com. As a further show of support, Gi Group Holding kickstarted the fundraising effort with a €50,000 donation and will match each additional donation 2:1 (i.e. it will contribute €2 for each €1 donated).

Stefano Colli-Lanzi, Gi Group Holding CEO stated:

I am immensely proud of Gi Group Holding for coming together and responding in a positive and concrete way during such a difficult moment for our world.
My hope is that the We Stand for People campaign makes a small contribution to aid efforts for one of recent history’s most severe humanitarian crises.
We stand with those who are fleeing Ukraine, and our thoughts and prayers go out to all those afflicted

News – UK Recruitment Brand Expands its Services to The Netherlands

UK Recruitment Brand Expands its Services to The Netherlands

Marks Sattin is delighted to announce its further expansion into the European employment market with the launch of its services in Amsterdam, The Netherlands.
UK, February 2022

Marks Sattin specialises in sourcing the very best finance and technology talent for a variety of businesses – from global organisations through to growing SMEs. A key focus for its team in Amsterdam is to match talented finance and technology professionals at the mid-senior level with organisations looking to recruit these highly sort after skills.

In 2018, Marks Sattin was acquired by Gi Group – the Italian-based leading multinational staffing company – which is active in more than 50 countries including The Netherlands and is among the top six staffing companies in Europe. This acquisition is allowing the Marks Sattin brand to thrive and expand its geographical reach under the experience, security and backing of a strong international player in the global employment market.

The expansion will allow Marks Sattin to further supports its existing clients which already have a presence in The Netherlands with their hiring needs, while also using its vast experience to help organisations recruit the very best talent.

Matthew Wilcox, Managing Director of Marks Sattin comments:

This is an exciting start to a wider international expansion programme as we come out of the pandemic and go into growth mode. The Netherlands represents a great opportunity for Marks Sattin given it complements our UK and Irish client base and we can address the strong demand for finance and technology talent through vast experience built up over the last 30 years. It also paves the way for further opportunities internally for our employees as an exciting new brand entering the Dutch market, creating opportunities for others to join a progressive recruitment business that fosters an autonomous way of working.

Commenting on the expansion, CEO and President of Gi Group, Stefano Colli-Lanzi said:

The expansion of the Marks Sattin brand into the Dutch market is a key moment for us, allowing us to leverage the wealth of recruitment experience Marks Sattin has to connect organisations looking to recruit highly skilled finance and technology candidates in a key market for Gi Group. It also further strengthens our position as a global player in the HR services sector.

News – New international acquisition for Gi Group: Grafton Recruitment

New international acquisition for Gi Group: Grafton Recruitment

We are delighted to announce a new international acquisition for Gi Group: Grafton Recruitment. Our Group, founded and led by Stefano Colli-Lanzi, has completed the acquisition of Grafton Recruitment, one of the main European suppliers of permanent recruitment solutions and temporary staffing with a consolidated presence in Czech Republic, Poland, Slovakia and Hungary.
Milan, 28.9.2018

A new milestone for the empowerment of the global network of Gi Group as well as the diversification of HR services of the Group. This is how the first Italian multinational company operating in the HR sector acquired Grafton Recruitment, a company which is one of the main leaders in Central Europe in the sector of the research and selection of professionals and temporary staffing, with more than 35 years of experience.
Grafton Recruitment is active with 26 offices in Europe, with over 350 employees and 9,000 candidates placed in 2017. The transaction will enable our Group to own 100% of the corporate capital of Grafton Recruitment Europe Holdings Limited, so becoming one of the leading players in permanent and temporary staffing in a strategic area for our Group.

“In the context of our development plans”, says Stefano Colli-Lanzi, CEO of Gi Group, “this acquisition increases our competitiveness and our international presence starting from the heart of Europe, where we were already operating in the field of temporary employment”. Being a global provider as we have become in the last 20 years, and in the context of a market which is continuously more candidate-driven, the experience of Grafton allows us to further amplify our HR solutions portfolio and, therefore, our capacity to create value for the development of the market and to better meet the increasingly complex needs of clients and candidates”.

The experience of Grafton Recruitment in the field of permanent and professional staffing, expands the value proposition and the level of specialisation and diversification of the services offered by our Group worldwide, strengthening in particular the services of specialised profiles in search and selection.
Blackwood Capital Group acted as M&A advisor and Baker McKenzie as legal advisor, both for Gi Group.

News – Gi Group to acquire Axxis Intérim & Recrutement, Axxis Formation and SES Recrutement from Groupe Onet

Gi Group to acquire Axxis Intérim & Recrutement, Axxis Formation and SES Recrutement from Groupe Onet

We are delighted to announce the acquisition of Axxis Intérim & Recrutement, Axxis Formation and SES Recrutement, a well-established, Marseille-based French company.
Milan, 30/06/2021

We are delighted to announce the acquisition of Axxis Intérim & Recrutement, Axxis Formation and SES Recrutement, a well-established, Marseille-based French company.
Active for more than 45 years, Axxis operates though 54 branches across France, offering temporary staffing solutions, permanent recruitment and training to more than 1,700 clients.

“We were looking for a leading industrial partner for our subsidiary Axxis so that it could continue its development. We are glad to have found this in GI Group. Axxis will remain a key supplier-partner of the Onet Group in order to benefit from the strong skills offered to its customers and in particular its expertise in specialty businesses”, says Emilie De Lombares, CEO of Onet Group

Commenting on the acquisition, Stefano Colli-Lanzi, CEO and President of the Gi Group says:

This acquisition allows us to improve our positioning and be even more competitive in France, a country that is very important to us. It also further strengthens our position 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.
I can’t wait to welcome the Axxis team to the Gi Group and to start working together on solutions that truly respond to the increasingly complex and diversified needs of the French labour market.

Gi Group was advised by Blackwood Capital Group. The acquisition has been made with the legal consultancy of Baker McKenzie Paris.

News – Jobtome joins the Gi Group family

Jobtome joins the
GI Group family

On Thursday 25th March, we completed the acquisition of one of the world’s largest online job aggregators.
Milan, 01/04/21

On Thursday 25th March 2021, we completed the acquisition of Jobtome, one of the world’s largest online job aggregators.
Formed in 2014 and headquartered in Switzerland, today Jobtome has a presence in 35 countries. It has over 10 million users and more than 9 million job offers indexed by 10,000 sites worldwide.

“I’m very optimistic about the success of this partnership,” said Gabriele Borga, Jobtome’s founder and CEO. “Joining GI Group will further strengthen Jobtome’s growth and expansion plans. In particular, it will allow us to accelerate our go-to-market strategy aimed at businesses that are actively seeking workers.”
“As a global player that’s active in over 50 countries, we see a wide range of challenges in the world’s labour market,” said Stefano Colli-Lanzi, Gi Group’s CEO and President. “We believe the most important challenge is to ensure an ever more effective and efficient matching of labour demand and supply, and to be attractive to candidates, especially at this historic time of digital transformation.”

“As a global player that’s active in over 50 countries, we see a wide range of challenges in the world’s labour market,” said Stefano Colli-Lanzi, Gi Group’s CEO and President. “We believe the most important challenge is to ensure an ever more effective and efficient matching of labour demand and supply, and to be attractive to candidates, especially at this historic time of digital transformation.”
“In Jobtome,” Colli-Lanzi continued, “we’ve identified the ideal response to these challenges. Its platform and the implementation of programmatic advertising technology will allow us to increase our capacity to bring together candidates and businesses. The digital and mobile solutions it has developed will also allow us to be more attractive to candidates.”
“I can’t wait,” Colli-Lanzi concluded, “to welcome the Jobtome team and to begin working together on solutions that can really respond to the increasingly complex and diverse needs of candidates and businesses.”

GI Group received legal counsel from SZA, Bär & Karrer and Studio Pirola e Associati, and received financial counsel from Fitidal Spa. Jobtome was assisted by the investment bank GCA Altium and the law firm, Orrick, Herrington & Sutcliffe.

News – Stefano Colli-Lanzi among the “100 Italian entrepreneurs” by Forbes Italia

Stefano Colli-Lanzi
is amongst the “100 Italian entrepreneurs” by Forbes Italia

Forbes Italia has included Stefano Colli-Lanzi, CEO of Gi Group, amongst its “100 Italian entrepreneurs and managers who are leading their businesses with the foresight of great leaders, especially in a difficult time like the one we are currently experiencing.”
Milan, 8/10/20

Forbes Italia has included Stefano Colli-Lanzi, CEO of Gi Group, amongst its “100 Italian entrepreneurs and managers who are leading their businesses with the foresight of great leaders, especially in a difficult time like the one we are currently experiencing.”
This recognition is for all the people working at Gi Group, for their deep commitment and dedication. Thanks to these people, our company can continue along a path of growth and fulfilment of its mission: to contribute globally and as a protagonist, to the evolution of the labour market and education of the personal and social value of work.

News – After launching in the United States,
Gi Group continues its internationalisation strategy

After launching in the United States, Gi Group continues its internationalisation strategy

In 2020, our Group acquired two more acquisitions:
Work Service (Poland) and Kelly Services Brazil (KSB).
Objective: to become a global player with €6 billion of turnover by 2023.
Milan, 31/08/20

In 2020, our Group acquired two more acquisitions:
Work Service (Poland) and Kelly Services Brazil (KSB).
Objective: to become a global player with €6 billion of turnover by 2023.

After our recent launch in the United States and relaunch in Spain, we are delighted to announce we have completed two more international acquisitions: Work Service, Poland’s biggest company specialising in HR services, and Kelly Services Brazil (KSB), the Brazilian arm of the American multinational listed company.

The Group, headed by Stefano Colli-Lanzi, already operated in Poland and Brazil under a number of its brands. These acquisitions are a continuation of its international expansion strategy and further consolidate its presence in these two key markets. This is also thanks to its historic results in 2019: €2.6 billion in global turnover and EBITDA of €71.7 million, an increase of 19.4% compared with 2018.

Stefano Colli-Lanzi, GI Group’s CEO, said,

“Both acquisitions were completed in August, just a few days after our launch into the United States, and they allow us to increase our global positioning and competitiveness. Acquiring a majority stake in Work Service allows us to consolidate our presence in Central Europe, where we already operate under the GI Group, Grafton and Wyser brands. The same is true for our acquisition of Kelly Services Brazil, the Brazilian staffing arm of the American multinational Kelly, which enhances our presence and allows us to consolidate in Brazil, the largest economy in South America. These acquisitions demonstrate that our Group is completely focused on the post-pandemic rebound. They are also in line with our medium-term objective of recording turnover of €6 billion by 2023. I also believe that our role as labour intermediary, if performed correctly, can provide decisive impetus to recovery in the markets where we have a presence, responding to the needs of businesses and people.”

GI Group is Europe’s sixth biggest staffing agency and amongst the top 20 staffing companies worldwide. Today, we operate directly in 29 countries and in 57 others through our partnerships.

Work Service SA – Poland
Work Service SA, active since 1999 with more than 3,000 clients, is a leading HR services business in Poland and other Central European countries and is listed on the Warsaw stock market.
Based on the agreements signed, GI Group has acquired a controlling stake in Work Service and we are committed to investing significant resources in the company, allowing it to completely stabilise its financial position over the coming months and to resume growing and developing its business.
The acquisition was subject to approval from anti-trust authorities and, after acquiring a majority stake, we will also launch a public takeover bid for part of the outstanding residue, in accordance with current Polish law.
The Italian group is strengthening its already considerable presence in Eastern Europe, where in 2019 it recorded turnover of €190 million.
Our Group’s international legal advisor was Baker McKenzie with support from its Global Legal Department, M&A and Global Finance Department, and from Deloitte and Core Sp. z o.o. Work Service’s legal advisors were Blackwood Capital Group, PwC Advisory and Mrowiec Fialek & Partners Law Firm.

Kelly Services Brazil
Kelly Services Brazil is a business with over 32 years of history. The company recorded a turnover of R$134 million in 2019. With two offices in Rio de Janeiro and Sao Paolo, the business mainly provides HR solutions for the Retail, Life Sciences and Technology sectors.
Having entered the Brazilian market in 2008, and despite the difficulties faced by the country today, GI Group has consolidated its presence in Latin America (2019 turnover: €100 million) and strengthened its existing business lines: temporary and permanent staffing (GI Group), search and selection (Wyser), trade marketing (C2C) and outsourcing (GI BPO).

Kelly Services Brazil  is a business with over 32 years of history. The company recorded turnover of 134 million Reais in 2019. With two offices in Rio de Janeiro and Sao Paolo, the business mainly provides HR solutions for the Retail, Life Sciences and Technology sectors. Having entered the Brazilian market in 2008, and despite the difficulties faced by the country today, GI Group is consolidating its presence in Latin America (2019 turnover: 100 million Euros), strengthening its existing business lines: temporary and permanent staffing (GI Group), search and selection (Wyser), trade marketing (C2C) and outsourcing (GI BPO).

News – Work Service attracts Gi Group as new majority shareholder

Work Service attracts Gi Group as new majority shareholder

On 24th August this year, Work Service, Poland’s largest HR company providing innovative solutions in the field of human resources and Gi Group, one of the world’s leading staffing companies, completed the transaction under which Gi Group acquired a controlling interest in Work Service.
Milan, 25/8/2020

On 24th August this year, Work Service, Poland’s largest HR company providing innovative solutions in the field of human resources and Gi Group, one of the world’s leading staffing companies, completed the transaction under which Gi Group acquired a controlling interest in Work Service.

Through the transaction, our Group strengthened its position in the market for HR services in Central and Eastern Europe. At the same time, Work Service has a new shareholder with one of the leading positions in the international market for HR services, which will enable it to achieve financial stability, while further developing its business activities and services.

Thibault Lefebvre, Regional Head Central-Eastern Europe at Gi Group has been appointed as the new President of Work Service Management Board; Iwona Szmitkowska, already President of Work Service Management Board, is the new Vice President; Nicola Dell’Edera, Global Chief Financial Officer of Gi Group, has been appointed as the new Vice President of Work Service.

“For us, the acquisition of Gi Group as a strategic investor who knows the HR market well and operates in many international markets, translates into a new phase of business and an opportunity we are going to take full advantage of. We have gained financial stability, as well as the prospect of further business growth and a return to a large part of our customers. We have tremendous experience, we have invested in quality and technology for years, as well as in modern recruitment, robotics and communication. By reducing our business overheads, we have achieved the highest operational efficiency rates in the industry. Just like at the beginning of the Work Service development, we have tremendous strength and capabilities that, once the investment agreement has been completed, will eventually be able to be fully used,” said Iwona Szmitkowska, Vice President of Work Service Management Board.

The transaction finalises the process of acquiring a financial or strategic investor announced by Work Service in March last year, reviewing strategic options. As a result, on 13th February this year, Work Service signed an investment agreement with Gi Group, which set out its conditions for acquiring a majority shareholding. Its completion was preceded by confirmatory due diligence, obtaining the consent of the anti-trust authorities, and agreement with our company, shareholders, banks and bondholders on the final transaction documentation. Despite the pandemic, which has changed the economic situation and the global labour market, the transaction concluded on 24th August this year is based on all the main assumptions previously agreed upon.

Under the several agreements, Gi Group acquired the majority of Work Service shares and, in accordance with current regulation, will launch a tender offer for at least 66% of total issued shares. Moreover, our Group will also provide the financial support necessary to enable Work Service to achieve its business objectives with an adequate financial structure.

Work Service undertook to call for a General Meeting of Shareholders to propose the increase of the share capital by at least PLN 30 million to a maximum of PLN 105 million at PLN 0.39 per share.

Our investment in Work Service is a strategic complement to our existing activities in the area of temporary and permanent employment, search and selection, HR counselling and training, and complementary services.

“The significant financial support of Gi Group, coupled with the experience of our senior management team, the quality of our processes and our consistent investment in new technologies will allow us to continue to provide the best innovative solutions for our clients and candidates in staffing, outsourcing and RPO. Work Service is and will remain a solid reference for candidates, clients and competitors in CEE and more specifically in Poland, Czech Republic, Slovakia and Hungary. I’m sure that even if Gi Group and Work Service operate independently, they will implement synergies to ensure the efficiency of operations and professional services for both companies and candidates”, says Thibault Lefebvre, new President of the Work Service Management Board and Regional Head of Gi Group in Central Eastern Europe.

“The acquisition of the majority of Work Service gives us the possibility to increase and consolidate our positioning in Central and Eastern Europe, where we are already present with the brands Gi Group, Wyser and Grafton, and reinforces our role as a global player in the HR services industry. This operation comes after our deals in the United States and Brazil, and shows how our Group is completely focused on managing the rebound phase. Moreover, the acquisition is completely in line with our medium-term objective of reaching €6 billion of turnover by 2023. I’m sure that our Group and Work Service will collaborate and find synergies with one unique goal: to answer to the complex needs of companies and candidates,” added Stefano Colli-Lanzi, Global CEO of Gi Group.

Companies belonging to Work Service that are active in Poland, Czech Republic, Slovakia and Hungary, and Gi Group will operate independently in the near future. The objective, however, is to develop and implement an optimal synergy model to ensure efficiency of operations, development of complementary services and professional customer service.

“The concluded agreement is the first, formal and very important step. We will look at the possibilities and scope of cooperation, and the integration of our companies’ activities in order to ensure the highest quality of service provision,” concluded Iwona Szmitkowska.

Work Service advisors in the process were: Blackwood Capital Group, PwC Advisory, and Mrowiec Fialek and Partners Law Firm. Gi Group advisors in the process were: Baker McKenzie as an international legal advisor with the support of Gi Group’s internal Global Legal Department, M&A and Global Finance Department, Deloitte and Core Sp. z o.o.

News – Gi Group has a new international acquisition: Kelly Services Brazil

Gi Group has a new international acquisition: Kelly Services Brazil

We are pleased to announce another acquisition for our Group led by Stefano Colli-Lanzi, which further consolidates our central role in Brazil.
Milan, 20/8/2020

Gi Group, one of the world’s top 20 staffing companies, has acquired Kelly Services Brazil (KSB), the Brazilian staffing operations of global workforce solutions provider Kelly Services. The transaction closed in mid-August and terms of the agreement were not disclosed.

Gi Group entered the Brazilian market in 2008 and, despite the difficulties the country is facing, is now consolidating its presence in Latin America by reinforcing our existing business lines: temporary and permanent staffing (GI Group), recruitment and selection (Wyser), trade marketing (C2C) and outsourcing (GI BPO).
Kelly Services Brasil is a seasoned and recognised company with more than 32 years of experience in Brazil. The company reported in 2019, revenue of R$134 million for its Brazil operations. With two offices in Rio de Janeiro and Sao Paolo, the company focuses on providing staffing solutions within the Retail, Life Science and Technology sectors.

Carlos Martins, CEO of Gi Group Brazil, said:

The acquisition reinforces our client portfolio, which already had many of the largest corporations in the country, and now we will start to serve other important national and multinational companies that operate in the Brazilian market, in different sectors.
With this acquisition, our Group significantly expands its operations in the Manufacturing, Services and Telecom segments, in addition to making a significant contribution to the Life Science and IT sectors.”

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

The acquisition of Kelly Services Brazil allows us to increase and consolidate our brand positioning in Brazil, the largest economy in South America and reinforces our role as a global player in the HR services. This operation comes a few weeks after our deal in the United States and shows how our Group is completely focused on managing the rebound phase. Moreover, it is completely in line with our medium-term objective of reaching €6 billion of turnover by 2023. We are mindful of the difficulties that the country is facing, but this is all the more reason why we believe that a well-structured HR company like Gi Group can give real impetus to recovery, responding to the needs of businesses and people.

Kelly Chief Executive Officer Peter Quigley, said:

This transaction is a win-win for Kelly and Gi Group. Kelly will focus our efforts in Brazil on one of our specialties, which is our MSP product offered by KellyOCG, while Gi Group simultaneously strengthens its commitment to Brazil by purchasing Kelly’s well-established staffing operations in the country. Kelly and Gi Group have enjoyed a long-standing positive relationship, and we’re pleased to continue that partnership with Gi Group, becoming Kelly’s preferred supplier partner in Brazil.

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.

News – Gi Group doubles its presence in Germany with a new acquisition
Gi Group strengthens its presence in Germany with the acquisition of OnTime Group.

Gi Group doubles its presence in Germany with a new acquisition

Our Group has strengthened its presence in Germany with the acquisition of OnTime Group.
Milan, 16/7/2019

Founded in 2003, OnTime Group operates in the temporary and permanent staffing sector and in the national and international mobility sector (via the House of Jobs brand). OnTime Group has 23 branches in Germany and more than 100 members of staff. In 2018, its turnover was €71.5 million.With this acquisition, Gi Group’s presence in Germany increases to over 60 branches, with an overall turnover of more than €150 million and more than 4,000 FTE (Full Time Equivalent) work placements, placing it amongst Germany’s top 20 recruitment agencies.

“OnTime Group,” Stefano Colli-Lanzi, Gi Group’s CEO says, “is perfectly suited to Gi Group Germany’s business. OnTime’s territorial coverage does not overlap our Group’s current coverage and allows us to have extensive coverage all over Germany. This way we can better meet the needs of businesses and candidates. At a service level, this transaction also allows us to augment our value proposition not only with OnTime’s temporary and permanent staffing service, but also with its national and international mobility service, which may become an asset not only for the local market, but for the entire group globally.”

This transaction took place in conjunction with the close of the 2018 financial year, when the Group recorded €2.3 billion of turnover globally, a growth of 13.5% in 2017 (compared with a staffing industry market average of +1.5%*), EBITDA of €60 million and 45% of turnover generated outside Italy (compared with 42.7% in 2017). In this scenario and in light of this latest transaction, Germany became the Group’s fourth largest country in terms of turnover after Italy, United Kingdom and China.

“With the acquisition of OnTime Group,” Colli-Lanzi continues, “we have greatly increased our presence in the German market, which remains a strategic area in terms of size and the presence of top national and international market players. This transaction is also in line with our medium-term global objective, that is to become a €6 billion global player within the next five years.”

Download the press release

News – Gi Group achieves €2.6bn of turnover in 2019 and
enters the US market

Gi Group achieves €2.6 billion of turnover in 2019 and enters the US market

Our Group, founded and headed by Stefano Colli-Lanzi, closed 2019 with a 13% increase in turnover and EBITDA that grew by 19.4% compared with 2018
We are also continuing our expansion operations abroad: despite the pandemic crisis, our Italian multinational employment company is entering the United States market.
Milan, 7/7/2020

€2.6 billion turnover globally, an increase of 13% in 2018 – 48% of which was generated outside Italy – EBITDA of €71.7m (+19.4% compared with 2018) and an increasingly global presence.
These are the numbers with which GI Group, Italy’s largest multinational employment company, founded and headed by Stefano Colli-Lanzi, closed in 2019. Thanks to the work of more than 5,000 employees spread over 500 branches worldwide, our Group has supported a total of more than 20,000 companies around the world.
Dividing turnover by country: 52% of our Group’s turnover came from Italy, 28% from Western European countries and 10% from China and India. Overall, countries outside Italy accounted for 48% of total turnover (compared with 45% in 2018).

Our Group has an increasingly global direction. Today it has a direct presence in 29 countries (57 via partnerships) and has also confirmed another acquisition.
The asset deal to acquire the outplacement arm of CareerArc was completed on 30th June 2020. With this acquisition, our Group is strengthening its presence in the career transition and development service sector, a segment in which it is the Italian leader, with the INTOO brand, and amongst the top four companies in the United Kingdom.
CareerArc Outplacement offers career transition and career coaching services, delivered digitally to employees at every level thanks to a team of more than 100 career consultants specialising in different industries. The Californian company is well known for having developed very innovative proprietary technology and for its vast commercial network that is in constant dialogue with businesses throughout America.
Also, since 2019, it has been a partner of Career Star Group, an international career transition group, which adopted the CareerArc platform as a global standard. This allows it to support multinational businesses in more than 80 countries worldwide.

“With the acquisition of CareerArc Outplacement, we are entering, for the first time in our history, into a strategic market like the United States, the largest in the world for the HR sector,” said Stefano Colli-Lanzi, CEO of GI Group. “Entering into the North American market is in line with our development plan and further consolidates our role as a global player, aiming to reach €6 billion in turnover in 2023.”

“We are investing in a career transition service, like CareerArc,” Colli-Lanzi continued, “because in the current situation, with unemployment increasing as a result of the effects of the pandemic, it is becoming very important. We will assist people who are currently without employment to find new solutions, helping them return to the world of work and supporting them to achieve constant employability.”

“This operation,” concluded the GI Group CEO, “comes after the peak of the pandemic and represents for us the start of the rebound phase. I think this is a good reason why, right now, our role as labour intermediaries, if done correctly, will provide decisive impetus for recovery, responding to the needs of businesses and people.”

News – JGi Group UK acquires Mark Sattin

Gi Group UK acquires Mark Sattin

Gi Group UK Holdings Recruitment Ltd has acquired Marks Sattin (UK) Ltd
Chesterfield, 7.11. 2018

We are excited to announce the purchase of the specialist financial recruitment firm to extend our offering into this new sector and enhance our presence in key strategic cities across the UK & Ireland.
With offices in Birmingham, Dublin, Leeds, London, Manchester and Reading and over 100 employees, Marks Sattin brings more than 30 years of specialist recruitment expertise to the Gi Group UK family. It joins TACK and INTOO UK & Ireland within the group and immediately positions us as a leading player in the financial services recruitment sector.

Gi Group UK Chief Executive, Bev White said: “With no overlap on existing business, bringing Marks Sattin into the fold is a hugely positive move which represents a natural extension of our Group’s offering. It gives us instant traction in a key target sector and extends our national footprint into key cities we have not been present in. Marks Sattin’s presence in central London and Dublin also provides immediate access to areas of increasing commercial importance for us, while the addition of high-level search and selection expertise is perfectly aligned with our national and global growth strategies.
A thorough evaluation only serves to reinforce our positive perceptions about the capabilities and reputation of the Marks Sattin business. There are also great cultural synergies between the two organisations, both in terms of our focus on delivering exceptional services to customers and candidates alike, but also given the commitment and longevity of employees. We are excited about joining forces with the new team and the opportunities this move creates for both parties.”

Marks Sattin Managing Director, Matt Wilcox said: “This is an important milestone in Marks Sattin’s journey. The backing and support of Gi Group will enable us to accelerate our growth ambitions, deliver even more value to our customers as well as providing our employees with fantastic opportunities that go hand in hand with being part of a truly global organisation.”

Speaking of the strategic importance of the acquisition for the group globally, Gi Group’s founder and CEO, Stefano Colli-Lanzi added: “In the context of our global development strategy, this step increases our competitiveness in professional recruitment and expands our international footprint. In the last 20 years we have become a truly global provider and the expertise of Marks Sattin allows us to widen our HR solutions portfolio further still. With this acquisition we increase our capacity to create value for the development of the labour market and to better meet the increasingly complex needs of our clients and candidates.”
Blackwood Capital acted as advisors to the seller. KPMG acted as tax and finance advisor while Baker Mackenzie acted as legal advisor to Gi Group.

News – Gi Group makes a major global acquisition
Acquisition of Tack and TMI

Gi Group makes a major global acquisition

Acquisition of Tack and TMI
Milan, 12/9/2016

We recently acquired the leading global training and consulting companies TACK and TMI.

TACK is headquartered in the UK and operates through an international network of partners in 60 countries, from 54 global offices, designing and delivering training and consulting solutions in 35 languages for clients who span every industry, size and scale. TACK has built an enviable reputation over more than 68 years of providing class leading training in the areas of Sales and Sales Leadership, Leadership and Management, Soft Skills / Personal Development and Safety, Health and Environmental Sustainability.

TMI, headquartered in Denmark, is a leading global consulting and training company, which also works via a network of partner companies worldwide providing innovative, customised solutions that inspire and enable strategy implementation and business transformation by shaping organisational cultures. TMI’s global outreach, delivery and project management capability extends to more than 45 countries worldwide, with over 600 trainers and consultants working in 35 languages around the world.

On making the acquisition, Stefano Colli-Lanzi, founder and CEO of Gi Group, said: “This is an important strategic acquisition for us as we can now add international training and consulting capability to our rapidly growing list of HR related services. We have of course known TMI and TACK for several years as a partner in a number of territories and have always been impressed by the calibre, commitment and professionalism of everyone involved in both operations. In the coming months we will work towards the integration of TACK and TMI within our group.”

Global Managing Director of TACK and TMI Kostas Hatzigeorgiou adds to this:
“I am convinced and confident that this important and exciting change will best serve the greater good for Gi Group, TACK and TMI. It will create significant additional benefits and values for our clients, our partners, and our internal teams. We have been working with Gi Group for many years and are impressed that since the launch of the company in 1998, Stefano Colli-Lanzi and team have managed to develop, grow and establish Gi Group as one of the world’s leading companies, providing services for the development of the labour market. We are proud to be part of this multinational group.”