Quess Corp, an integrated business
service provider owned by Thomas Cook India has signed a deal to buy Sri Lankan
arm of human resource provider Randstad India for an undisclosed amount. This acquisition
of Randstad India Pvt. Ltd will strengthen Quess position as a leading provider
of integrated HR solutions across staffing, permanent recruitment, executive
search and recruitment process outsourcing.
The acquisition will strengthen
Quess position as a leading Pan Asian player serving clients across South Asia,
Middle East and South-East Asia. The acquisition is subject to statutory and
regulatory approvals. Headquartered in Colombo, Randstad Lanka is one of the
top five HR Services providers in Sri Lanka with a workforce of over 400
employees and having several Fortune 500 clients.
Bengaluru based Quess Corp has
presence across five segments namely, global technology solutions, industrial
asset management, integrated facilities management, people, services and
logistics, and growth businesses group. It has pursued an aggressive
acquisitions strategy, buying around 10 companies across different geographies
and businesses for an estimated Rs 200 crore in the last five years.
In June this year, it acquired a 49
percent stake in Transfield Services WLL, which operates in the oil & gas
market in Qatar and the Indian facility management business of American multinational
Aramark, which operates in hospitality and healthcare facility management. Other
companies that it acquired includes Canada based staffing firm Brainhunter
Companies.
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