key points
- Randstad intends to acquire BMC in the Netherlands for an Enterprise Value of € 65 million
- BMC realised revenue of approximately € 102 million in the last 12 months to September 2016, adding about a third to the Dutch
- Professionals business of Yacht Group Nederland BV
- Randstad to become #1 player in professionals in the Dutch public sector
- the intended acquisition is in line with Randstad’s global strategic ambition to increase our Professionals business and will be EVA enhancing within 3 years
As part of Randstad’s global strategy to expand our footprint in the space of professionals (Bachelor and Master-educated candidates), Randstad Holding NV announces that its subsidiary Yacht Group Nederland BV intends to acquire BMC extending Yacht's leading position in the Dutch professionals' segment, by obtaining a number 1 position in the public sector. It is envisaged that BMC will become the centre of excellence for the public sector within the combined Dutch Professionals business. The intended acquisition is subject to consultation of the respective works councils and approval from the Netherlands Competition Authority (ACM).
BMC engages in secondment and organisational consultancy for the public sector, with a focus on local government (municipalities). BMC’s professional business (80% of revenue) focuses on placements, secondment and freelancing services for primarily higher educated public sector professionals. In addition, BMC’s consultancy business engages in consultancy and research projects for the public sector and operates in the field of executive search, recruitment and HR consultancy.
Ton Hopmans, Managing Director Yacht, comments: “We are very excited to welcome BMC to our Professionals business in the Netherlands. BMC is a well-known player with a strong footprint in the public sector. By combining forces in secondment and consultancy we are able to better serve our respective clients, whilst creating exciting opportunities for our professionals. The addition of BMC’s consultancy business further enhances our capabilities as a trusted adviser.”
BMC has over 900 FTEs operating from 3 offices in Amersfoort, The Hague and Veldhoven, and generated revenue of approximately € 102 million in the last 12 months to September 2016.
about randstad
Randstad specialises in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placements to in-house, professionals, search & selection, outplacement, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States, as well as major positions in Australia and Japan.
In 2015, Randstad had approximately 29,750 corporate employees and around 4,473 branches and In-house locations in 39 countries around the world. Randstad generated revenue of € 19.2 billion in 2015. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding NV is listed on the Euronext Amsterdam, where options for stocks in Randstad are also traded.
For more information, see www.randstad.com.
