ManpowerGroup Expands Capabilities in Technology and Finance Sectors with Acquisition of Greythorn

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Jun 01, 2015, 12:00 ET

SYDNEY, June 1, 2015 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), world leader in innovative workforce solutions, has today announced its acquisition of the Australian and Singapore arm of Greythorn, a leading professional services and recruitment firm specialising in technology and finance. With this acquisition, Greythorn and its banking and finance subsidiary Marks Sattin, become wholly owned by ManpowerGroup Australia, operating under the Experis brand.

"This is an exciting phase for ManpowerGroup in Australia," said Ram Chandrashekar, ManpowerGroup President Asia Pacific and Middle East.

"The strategic acquisition of Greythorn further strengthens our capabilities across the region and complements the organic growth of the Experis brand, the global leader in professional resourcing and project based workforce solutions. For clients, it means we can deliver an even broader range of specialist workforce solutions with combined assets and systems, and for candidates, even better opportunities across more clients."

ManpowerGroup's recent Talent Shortage Survey shows high demand for skills across the IT and finance sectors globally.

"Demand for IT talent is high and fast-changing – ranked number nine in the top ten hardest jobs to fill in Australia, and accounting and finance is ranked number seven. That demand includes specialists in key areas such as security, big data, analytics, mobility and cloud," said Lincoln Crawley, Managing Director, ManpowerGroup Australia and New Zealand.

"The acquisition of Greythorn and Marks Sattin will provide access to a large, international network of resources and greater reach in both local and global markets, while continuing to focus on deep vertical expertise; building on our leading services for clients and candidates.

Greythorn Managing Director, Richard Fischer will join the ManpowerGroup ANZ senior leadership team.

"Our acquisition by ManpowerGroup is a key development in unlocking the growth potential of the business and our ability to scale up in the region as the market leader in specialist Technology and Finance recruitment," Fisher said.

Greythorn and Marks Sattin are complementary to Experis and we look forward to realising the synergies that are present across these businesses. This is a natural next step for us and will deliver exceptional opportunities for our clients and candidates," said Fischer.

"I look forward to extending the scale of our specialist and niche technology and finance sectors for our clients."

About ManpowerGroup

ManpowerGroup^® (NYSE: MAN) is the world's workforce expert, creating innovative workforce solutions for more than 65 years. As workforce experts, we connect more than 600,000 people to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower^®, Experis^®, Right Management^® and ManpowerGroup^® Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2015, ManpowerGroup was named one of the World's Most Ethical Companies for the fifth consecutive year and one of Fortune's Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com / www.manpowergroup.com.au

About Experis

Experis™ is the global leader in professional resourcing and project-based solutions. Experis accelerates organizations' growth by attracting, assessing and placing specialized expertise in IT, Finance and Engineering to deliver in-demand talent for mission-critical positions and projects, enhancing the competitiveness of the organizations and people we serve. Experis is part of the ManpowerGroup family of companies, which also includes Manpower, ManpowerGroup Solutions and Right Management. To learn more, visit www.experis.com.

About Greythorn & Mark Sattin

Greythorn was formed in 1979 in the UK, and launched their Australian operations in 1995. Greythorn is a technology specialist recruiter providing contract, permanent and professional services to its clients from offices in Sydney, Canberra, Melbourne and Singapore. www.greythorn.com.au

Marks Sattin, its subsidiary, opened in 2007 with offices in Sydney and Singapore, and focuses on specialised niche roles in Accounting and Finance. www.markssattin.com.au

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SOURCE ManpowerGroup