), one of the leading employment services provider, recently
announced that it has acquired the remaining 26% stake in Web
Development Company Limited (WDC), which is engaged in providing IT
services and Staffing solutions.
Following the acquisition, the Kolkata, India-based company will
now be the fully owned subsidiary of Manpower Group's Experis
brand. In March last year, Manpower acquired 74% stake in the
Web Development Company offers services to a large number of
clients across the Asia Pacific region and has five delivery
locations in India, thus enabling Manpower to gain substantial
market in this region.
The move is in line with Manpower's approach of acquiring
companies that boost its capability to bring pioneering workforce
solutions to its customers throughout the world.
Manpower is the global leader in employment services industry
and commands a well-established network. The company's
comprehensive range of services makes it a true global staffing
firm providing services to the entire employment and business
cycle, including permanent, temporary and contract recruitment,
employee assessment and selection, training, outplacement,
outsourcing and consulting.
Further, Manpower's brand value and strong global network
provides a competitive advantage to the company and reinforces its
dominant position in the market.
However, economic readings have been dismal in the U.S., Europe,
as well as in China, which is likely to affect the company's
profitability in the near term.
Moreover, Manpower faces stiff competition in both domestic and
international markets from other established players, such as
Kelly Services Inc
), which may limit the company's market share gains.
Currently, Manpower holds a Zacks #4 Rank, which translates into
a short-term 'Sell' rating.
KELLY SVCS A (KELYA): Free Stock Analysis
MANPOWER INC WI (MAN): Free Stock Analysis
To read this article on Zacks.com click here.