In an attempt to solidify its operational roots,
), recently announced that it has agreed to acquire Workshop
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
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
Robert Half International Inc. (
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
KORN/FERRY INTL (KFY): Free Stock Analysis
MANPOWER INC WI (MAN): Free Stock Analysis
ROBT HALF INTL (RHI): Free Stock Analysis
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