Adecco SA

Global connection

Adecco S.A., operating in more than 60 territories worldwide, is a leading provider of HR solutions globally.  The Switzerland-registered Global Fortune 500 company has some 30,000 employees reporting to its 5,500 offices worldwide.  Adecco generally offers the following services: temporary staffing, permanent placement, outsourcing, consulting and outplacement.
 
A Swiss-French marriage

Adecco was formed in 1996 as a result of the merger between Swiss giant Adia and France's Ecco SA.  Immediately following the Swiss-French marriage, the company expanded its global reach and position through a number of strategic acquisitions.  Within a year, Adecco snatched up Australia-based ICON Recruitment and TAD Resources International.  Headquartered in Massachusetts, TAD was then the largest privately owned staffing services company in the United States.  Perhaps Adecco's biggest coup was the acquisition of Olsten Corporation's staffing and IT business in 2000.  The $840 million purchase made Adecco the No. 1 staffing firm in the United States.  Manpower, which formerly held this position, was relegated to the No. 2 slot.  Adecco, in its effort to expand, has purchased PeopleOne, based in India; Sydelis, headquartered in Paris; and Altedia, an HR consulting firm with offices in France, Belgium, Spain and Portugal.

Applying solutions

Two years after the Olsten Corp. acquisition, Adecco organized its business with the aim of increasing the demand for professional and expert services.  Thus, in its goal to broaden its market, the company consolidated its businesses under three dedicated divisions that will deliver its services globally.  And in 2005, Adecco committed to expand its business through realignment across six business lines, a strategy which covers occupational fields, complementing its office and industrial core business.

Creating Foundations

To further strengthen its business, Adecco announced another strategy in 2006, that is, placing emphasis on professional and general staffing.  This strategy went so smoothly that after two years, Adecco implemented the second phase of the plan, the development of professional staffing, with an aim to foster businesses at the country level.  As part of expanding its portfolio, Adecco bought Spring Group in the United Kingdom in 2009.  In January 2010, Adecco completed the acquisition of MPS Group, one of the largest providers of professional staffing services in North America with strong bases in the United Kingdom, Europe and Asia, in hopes of strengthening Adecco U.K.'s opportunity to capitalize on the growth of employment opportunities in the United Kingdom.  In May of the same year, Adecco renewed ties with NIIT Technologies.  The partnership with the solutions firm hoped to provide Adecco with a platform for the improvement of internal cost structures, faster application implementation and enhanced service levels.
 
Looking ahead

Adecco CEO Patrick De Maeseneire said that the company's goal for 2010 is mainly the integration of MPS Group and Spring Group.  Additionally, the company said that it would also place attention on the growth of its professional staffing business as well as the specialized delivery model for its general staffing business.  Adecco plans to enhance and expand its business.  Specific activities in line with this plan include improving margins through cost management, investing in optimizing its branch networks, accelerating strategic IT spending and strengthening its position in Managed Services Programs (MSP and Recruitment Process Outsourcing or RPO).  

▲ Show Less▼ Show Full Description


Adecco SA


175 Broad Hollow Road
Melville, NY 11747
Phone: (631) 844-7650
Fax: (631) 844-7363
www.adecco.com

STATS


  • Employer Type: Public
  • Stock Symbol: ADEN
  • Stock Exchange: SIX Swiss Exchange
  • CEO: Patrick De Maeseneire

Key Financials

  • 2009 Revenue: $28,141 million

Career Update Newsletter

Tips and tools to help you manage your ideal career.