![]() In connection with this announcement, ManpowerGroup will hold an investor conference call live over the Internet today at 7:30 a.m. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close as early as late September 2021. ![]() ![]() The acquisition will primarily be an asset purchase for tax purposes, resulting in significant anticipated annual cash income tax savings to ManpowerGroup. ManpowerGroup expects to fund this acquisition with existing cash and approximately $150 million from its revolving credit facility which it intends to repay over 12 months. Under terms of the agreement, ManpowerGroup will acquire all of ettain's equity for $925 million to be paid at closing. The combination of these two great organizations is exciting for our employees and provides many more opportunities to provide value to our clients." This is a great opportunity for us to leverage our demonstrated expertise and strong reputation with Experis and ManpowerGroup's global leadership in workforce solutions. Trent Beekman, ettain group CEO, said, "This acquisition creates compelling opportunities for employees and offers superior value for clients. Their impressive growth, proven leadership and winning culture will enable us to extend our capabilities, providing greater solutions expertise and more skilled talent to our clients as well as wider IT opportunities to our Experis consultants across North America". That's why we look forward to welcoming ettain's talented team to ManpowerGroup. and global Experis IT resourcing and services business".īecky Frankiewicz, ManpowerGroup President North America, added, "As companies amplify their investments in technology, demand for the IT skills that Experis provides is accelerating too. Jonas Prising, ManpowerGroup Chairman & CEO, said, "We're pleased to be announcing the acquisition of ettain, which accelerates our strategy of diversifying our business mix into higher growth and higher value services, continuing the expansion of our U.S. Pro forma results assume businesses ettain acquired occurred at the beginning of the period. Founded in 1996, ettain has 28 offices located in 24 key regions across North America and has earned ClearlyRated's Best of Staffing Diamond Award for both Client and Talent Satisfaction for 10 consecutive years.įor the twelve months ended June 30, 2021, ettain pro forma Revenues and pro forma EBITDA were approximately $724 million and $75 million respectively. The combination will provide increased strength in delivering IT services to the higher growth financial services and health care industries.Įttain is one of the largest privately-held IT resourcing and services providers in North America, with particular strength in Financial Services, Healthcare IT, Government and Technology clients. 24, 2021 /PRNewswire/ - ManpowerGroup (NYSE: MAN), the leading global workforce solutions company, announced today that it has agreed to acquire ettain group (ettain) for $925 million in cash.Įttain will become part of Experis, ManpowerGroup's global IT resourcing and services brand, and when combined, the business will have total annual revenues of more than $4.5 billion globally with more than $1.7 billion in North America. Bachelor’s Degree in Computer Science or related field.MILWAUKEE, Aug.Provide technical leadership and mentoring.You will identify areas to improve and scale our architecture and application design.Work cross-functionally with design, product, and engineering to deliver great user experiences.Tackle tough design and product problems.Engineer efficient and reusable front-end systems that drive complex iOS applications.Our team uses the latest mobile technologies and we'll need your expertise to keep us at the cutting-edge by rapidly developing beautiful, fast, and secure experiences for our users. You'll own the iOS development for one or more projects and tackle tough design and product problems alongside other engineers.You will collaborate extensively with product managers, designers, and engineers to develop product features.Location: 100 Abbott Park Road, Abbott Park, Illinois – 60064 // Remoteĭuration: 12+ months (possible extension) Appreciate if you can share the updated copy of your resume at & call me ASAP to pace up the process, I am reachable at: O: 41 Ext: 7192. Please let me know if you’re looking for new positions with my direct client OR can refer someone looking for a change. This is Mridul, Recruitment Specialist working with Manpower Group – Experis.
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