SYDNEY, AUSTRALIA, JULY 12, Randstad Australia, a leading human resources services provider, announced today that it has signed an agreement to acquire Aurec Group in Australia.
Aurec Group is a specialist in technology recruitment, contractor management, payroll, migration and professional services. Since launch in 2002, Aurec Group has helped over 15,000 candidates find new roles and the company generated revenue of A$107 million in 2019. Completion of the acquisition is subject to several conditions, which parties expect to be fulfilled in the coming weeks.
The acquisition of Aurec Group allows Randstad Australia to accelerate the growth of its leading technology recruiting and solutions arm and aligns with the company’s strategy of growing its professional business.
Frank Ribuot, CEO of Randstad Australia, New Zealand, SEA and India said, “I’m proud to announce the intended acquisition of Aurec Group and look forward to welcoming its employees to the Randstad group upon completion. Aurec Group is known in Australia as a leader in IT recruitment, migration and professional services. This move will propel Randstad Australia’s growth in the technology market, while also bolstering our professional offering. I feel the two companies match well with similar values, fit for clients and geography coverage. All of this has made the discussions around joining forces all the more enjoyable and exciting.”
The acquisition is the next step forward in Randstad’s strategic ambition to increase the professionals business not only organically, but also by small and mid-sized acquisitions and will be EVA enhancing within three years.
Randstad is a global leader in the recruitment and HR services industry. The company's Australian business has been supporting people and organisations in realising their true potential, helping find the best permanent and contracting talent across industries. Human connection is at the heart of the business. A personal approach, supported by state-of-the-art technology, is what sets Randstad apart in talent acquisition. Randstad is uniquely Human Forward. Visit www.randstad.com.au to discover a new way to recruit.
Aurec Group provides genuine strategic partnerships to deliver specialist solutions and market expertise with unrivalled flexibility and value. Our group of companies enables the delivery of innovative programs to de-risk projects or provide the best people for operational continuity. Other services include recruiting, ‘on hire’ labour and migration, payroll and staff augmentation. Aurec Group has 16 years of proven experience and a team of more than 50 consultants who are committed to reducing your risk by working as a partner in delivering through great people.
Charlie Stack, Head of Communications Randstad Australia and New Zealand
+61 (0)402 456 079 and email@example.com