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GI Group has a new international acquisition: Kelly Services Brazil

24 August 20

Another acquisition for the Group led by Stefano Colli-Lanzi, which further consolidates its central role in Brazil.

Milan, August 20, 2020 - GI Group, one of the world’s top 20 staffing companies, has acquired Kelly Services Brazil (KSB), the Brazilian staffing operations of global workforce solutions provider Kelly Services. The transaction closed in mid-August and terms of the agreement were not disclosed.

GI Group entered the Brazilian market in 2008 and, despite the difficulties the country is facing, is now consolidating its presence in Latin America by reinforcing its existing business lines: temporary and permanent staffing (GI Group), recruitment and selection (Wyser), trade marketing (C2C) and outsourcing (GI BPO).
Kelly Services Brasil is a seasoned and recognized company with more than 32 years of experience in Brazil. The company reported 2019 revenue of R$134M for its Brazil operations. With  two offices in Rio de Janeiro and Sao Paolo, the company focuses on providing staffing solutions within the  Retail, Life Science and Technology sectors.

"The acquisition reinforces our client portfolio, which already had many of the largest corporations in the country, and now we will start to serve other important national and multinational companies that operate in the Brazilian market, in different sectors,” says Carlos Martins, CEO of Gi Group Brazil. “With the acquisition, Gi Group significantly expands its operations in the Manufacturing, Services and Telecom segments, in addition to making a significant contribution to the Life Science and IT sectors."

Stefano Colli-Lanzi, GI Group’s CEO, said: “The acquisition of Kelly Services Brazil allows us to increase and consolidate our brand positioning in Brazil, the largest economy in South America and reinforces our role as a global player in the HR services. This operation comes a few weeks after our deal in the United States and shows how the Group is completely focused on managing the rebound phase. Moreover, is completely in line with our medium-term objective of reaching 6 billion euros of turnover by 2023. We are mindful of the difficulties that the country is facing, but this is all the more reason why we believe that a well-structured HR company like GI Group can give real impetus to recovery, responding to the needs of businesses and people.”

“This transaction is a win-win for Kelly and Gi Group,” said Kelly Chief Executive Officer Peter Quigley. “Kelly will focus our efforts in Brazil on one of our specialties, which is our MSP product offered by KellyOCG, and Gi Group simultaneously strengthens its commitment to Brazil by purchasing Kelly’s well-established staffing operations in the country. Kelly and Gi Group have enjoyed a long-standing positive relationship, and we’re pleased to continue that partnership with Gi Group becoming Kelly’s preferred supplier partner in Brazil.”