Randstad expands global jobs reach with $429M Monster deal
HR services and jobs firms to bring supply and job demand closer together.
WESTON, Mass. — Randstad Holding nv, a human resources services provider, is acquiring Monster Worldwide Inc., an online jobs service, for $429 million.
Randstad, based in Amsterdam with branches across Canada, said it will leverage Monster’s multiple distribution channels to build “the world’s most comprehensive portfolio of HR services.”
Monster, based in Weston, Mass., will continue operating as a separate and independent entity.
Randstad said the deal joins both companies’ visions and “innovative” capabilities for a global job industry to bring the labour supply and demand closer together.
Randstad places more than 2 million people worldwide annually through its network of more than 4,500 branches and client-dedicated services. Monster’s recruiting media, technologies, and platforms connect people and jobs in more than 40 countries.