2013-02-28 17:32:23 -
Almere, 28 February 2013 - USG People is selling USG Energy as part of its
strategic revision aimed at focusing on market segments in which it can offer
major added value and create sufficient scope.
Within its Professionals segment USG People has defined focus areas which can
achieve sufficient critical mass and synergies within the group using the
resources at its disposal. To be able to do this within the HR market for
offshore energy would require an investment that would be too one-sided and
substantial for this market segment. That is why the group has decided to divest
USG Energy. The sale to private equity firm Rabo Capital means that USG Energy
will be able to fully benefit from further growth within the market segment in
the future, without being bound by USG People's group
USG People will realise proceeds of € 80 million from the sale which will
support the further growth of USG Professionals. A gain of € 39 million will be
recognised in the results for the first quarter of 2013.
The Central Works Council of USG People has issued a positive advice on the sale
of USG Energy. The transaction is subject to the customary conditions precedent.
As previously announced, USG People revised its strategy in October 2011 and is
focusing a great deal of its efforts to expand the company on its Specialist
Staffing and Professionals divisions.
USG Professionals will launch a new marketing campaign in the second quarter of
2013 in which the different segments - engineering, finance, ICT, HR, legal,
science and marketing, communication & sales - will become more jointly
recognisable. USG Professionals will position itself even more as an
international provider of services for and by professionals.
There will also be important changes at Unique, USG People's largest specialist
brand, which will focus even more on the SME segment as it had in the past.
Unique will broaden its services offering and develop new products. These new
types of services will provide practical solutions for current issues in the SME
job market. In doing so Unique wants not only to provide quality solutions for
job vacancies but also to organise the associated HR activities: from practical
legal HR compliance to training courses, from advice on workspace to payrolling,
from information on market developments to new trends in the field of the
internet and social media.
The other two international specialist brands within USG People (Secretary Plus
and Technicum) will continue to develop in their own fields of expertise.
Secretary Plus is already active in eight European countries and Technicum
operates successfully on the Dutch and German markets.
For more information, please contact:
Leen Geirnaerdt, Chief Financial Officer
Telefoon: +31 (0)36 529 95 07
This press release is available in Dutch and English. In the event of
ambiguities, the Dutch text shall prevail.
About USG People
With revenue of € 3.2 billion in 2011 USG People is one of the largest providers
of HR services in Europe with established and recognisable national and
international brands. Headquartered in the Dutch city of Almere, USG People is
active in Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Austria,
Poland, Spain and Switzerland.
The brand portfolio of USG People comprises Start People (General Staffing) -
Unique, Technicum, Secretary Plus, ASA,, Creyf's, Call-IT, Vakcollege Groep
(Specialist Staffing) - Legal Forces, USG Capacity, USG Financial Forces,
USG HR Forces, USG Innotiv, USG Juristen, USG Legal Professionals,
USG Marketing, Communication & Sales Professionals, Control, ikki
USG People is listed on the NYSE Euronext Amsterdam stock exchange and is
included in the Amsterdam Midcap Index (AMX).
For more information on USG People or any of its operating companies, please
visit our website at www.usgpeople.com.
download press release in pdf format:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: USG People NV via Thomson Reuters ONE