Manpower Expands in Norway - Analyst Blog
2013年2月27日 - 7:40PM
Zacks
In an attempt to solidify its
operational roots, ManpowerGroup (MAN), recently
announced that it has agreed to acquire Workshop Holding AS.
Manpower’s acquisition of Workshop
Holding AS will facilitate the company in enhancing its range of
services and driving significant growth in Norway as the latter
owns Norway’s largest construction sector recruitment company,
Workshop Bemanning og Kompetanse AS.
The move is significant for the
company, as it reinforces its dominant position in the Norway
region. This is because in the Northern European Region, Manpower
is witnessing growth in Norway, manifesting increased demand.
Moreover, the company during the recently concluded fourth quarter
hinted at a mild recovery in the markets in 2013, and expects
positive momentum to sustain in Norway.
Post acquisition, Workshop
Bemanning will be a part of ManpowerGroup Norway’s Manpower brand.
The company expects to complete the acquisition in April.
Going forward, Manpower remains
well positioned to benefit from the increased demand in the
flexible recruitment services from Norway’s construction
industry.
Manpower provides services to the
entire employment and business cycle including permanent, temporary
and contract recruitment, employee assessment and selection,
training, outplacement, outsourcing and consulting. Further, the
company’s brand value and strong global network provide a
competitive advantage over its peers Kelly Services,
Inc. (KELYA), Robert Half International Inc.
(RHI) and Korn/Ferry
International (KFY).
Manpower is now contemplating on
exiting lower margin business and venturing into high margin
business and is focusing on controlling expenses alongside.
Further, the company has spread its wings in high-growth emerging
markets of India and China.
Consequently, the company’s strong
upside potential is well reflected through the Zacks Rank #1
(Strong Buy).
KELLY SVCS A (KELYA): Free Stock Analysis Report
KORN/FERRY INTL (KFY): Free Stock Analysis Report
MANPOWER INC WI (MAN): Free Stock Analysis Report
ROBT HALF INTL (RHI): Free Stock Analysis Report
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