Vedior

Vedior N.V. was an international employment and human-resources services company headquartered in Amsterdam, the Netherlands. Before its acquisition, it operated across roughly 50 countries, with a presence spanning most of Europe, North and South America, Australia and New Zealand, South Africa, the Middle East, and parts of Asia. The company served employers through a broad portfolio of staffing, recruitment, and workforce-management activities, and it operated through numerous local and specialist brands rather than relying exclusively on the Vedior name. The company’s origins were connected to Vendex, a Dutch retail and services group. Vedior was formed through a corporate spin-off following Vendex’s acquisition of Bis. Its major expansion phase came in 1999, when it acquired Select Appointments, a staffing company based in the United Kingdom with operations in the United States and Australia. The transaction, reported at approximately $1.83 billion, substantially increased Vedior’s international scale and made it the fourth-largest staffing company in the world at that time. Tony Martin, previously Select Appointments’ chief executive, subsequently became Vedior’s chief executive. Vedior’s business covered both general and specialist employment services. Its professional and executive staffing activities included information technology, accounting, healthcare, engineering, legal services, and education. In addition to placing temporary and permanent personnel, the company provided human-resources services such as vendor management, outplacement, training, and business-process outsourcing. This combination reflected the broader development of the staffing sector from traditional recruitment toward outsourced workforce administration and other managed services. Leadership changed several times during Vedior’s expansion. Zach Miles replaced Tony Martin as chief executive in 2004 and led a period in which the company completed more than 20 acquisitions. Tex Gunning succeeded Miles in September 2007 after holding a senior regional role at Unilever. Gunning’s tenure ended when Randstad acquired Vedior in 2008. Randstad agreed to acquire Vedior in May 2008 for approximately €3.5 billion. The transaction was completed in June 2008 and created the second-largest staffing agency in the world, behind Adecco, according to the cited reference material. Vedior ceased to operate as an independent corporate group after the acquisition, with its activities and brands absorbed into Randstad’s international organization. Because the available reference material does not identify a continuing standalone Vedior corporate structure, the brand is classified as defunct.

Vedior was a Dutch international employment-services group headquartered in Amsterdam. Its corporate origins lay in Vendex, a Dutch group that acquired Bis. Following that acquisition, Vedior was created through a corporate spin-off, establishing a separate company focused on staffing and related human-resources services. The group developed an international operating model supported by multiple local and specialist brands. Rather than offering only general temporary employment, Vedior built a broad portfolio covering professional and executive recruitment, specialist staffing, and outsourced human-resources functions. Its professional activities included information technology, accounting, healthcare, engineering, legal services, and education. It also offered vendor management, outplacement, training, and business-process outsourcing. These services allowed Vedior to address both individual recruitment needs and larger employer requirements involving workforce administration and managed services. A defining stage in Vedior’s development was its 1999 purchase of Select Appointments. Select Appointments was based in the United Kingdom and also operated in the United States and Australia. The deal was reported at approximately $1.83 billion and made Vedior the fourth-largest staffing company in the world at the time. Tony Martin, Select Appointments’ chief executive, became Vedior’s chief executive after the transaction. The acquisition increased the group’s geographic reach and reinforced its strategy of growing through international staffing brands. Tony Martin remained in the leadership history of the company until Zach Miles succeeded him as chief executive in 2004. Miles led an active acquisition program and oversaw more than 20 acquisitions, further expanding Vedior’s network and capabilities. In September 2007, Tex Gunning became chief executive. Before joining Vedior, Gunning had been Group Vice President for South East Asia and Australasia at Unilever. His period at Vedior was brief because the company was soon acquired by Randstad. In May 2008, Randstad N.V. announced an agreement to acquire Vedior for around €3.5 billion. The transaction was completed in June 2008 and combined two major staffing businesses. The resulting group was described in the reference material as the second-largest staffing agency worldwide, behind Adecco. Vedior’s independent corporate identity and group structure ended with the acquisition, while its activities and various operating brands were incorporated into Randstad’s organization. Tex Gunning left the company after the acquisition. Vedior is therefore treated as a defunct standalone brand and corporate group rather than as an active independent staffing company.

• 2008

  Randstad acquisition completed

  [1]Vedioren.wikipedia.org

  Randstad completed its acquisition of Vedior in June 2008, ending Vedior’s independent corporate existence.

• 2007

  Tex Gunning became chief executive

  [1]Vedioren.wikipedia.org

  Tex Gunning joined Vedior as chief executive in September 2007 after holding a senior regional position at Unilever.

• 2004

  Zach Miles became chief executive

  [1]Vedioren.wikipedia.org

  Zach Miles succeeded Tony Martin and led an acquisition program involving more than 20 transactions.

• 1999

  Acquisition of Select Appointments

  [1]Vedioren.wikipedia.org

  Vedior acquired Select Appointments, a UK staffing company with operations in the United States and Australia, in a transaction reported at approximately $1.83 billion.

• Vedior formed through a Vendex corporate spin-off

  [1]Vedioren.wikipedia.org

  Vedior was established as a separate company following Vendex’s acquisition of Bis and a subsequent corporate spin-off.

Vedior positioned itself as a multinational staffing and human-resources services provider combining specialist recruitment with broader workforce-management and outsourcing capabilities. Its international reach was supported by a portfolio of separate country and specialist brands.

• Recruitment and staffing

  Professional and executive staffing

  Vedior supplied professional and executive personnel to employers across multiple sectors. This part of the business addressed higher-skilled and specialist workforce requirements alongside the company’s broader temporary and permanent staffing activities.

• Recruitment and staffing

  Specialist staffing

  The company provided personnel and recruitment services in information technology, accounting, healthcare, engineering, legal services, and education. These specialist areas formed an important part of Vedior’s professional-services portfolio.

• Human-resources services

  Human-resources outsourcing services

  Vedior supplemented recruitment with vendor management, outplacement, training, and business-process outsourcing. These services extended the company’s role from candidate placement into workforce administration and broader employer support.

• 2008

  Randstad acquired VediorM&A

  Background

  Randstad and Vedior were major international staffing companies, and a combination would significantly increase geographic coverage and scale.

  Action taken

  Randstad agreed in May 2008 to acquire Vedior for around €3.5 billion and completed the transaction in June 2008.

  Aftermath

  The combined company became the second-largest staffing agency worldwide according to the cited reference. Vedior ceased to operate as an independent corporate group, and chief executive Tex Gunning left after the acquisition.

  Reported acquisition value. Approximately €3.5 billion transaction (2008)

  Source

• 1999

  Vedior acquired Select AppointmentsM&A

  Background

  Vedior sought greater international scale in the staffing market. Select Appointments contributed a UK base and operations in the United States and Australia.

  Action taken

  Vedior acquired Select Appointments in a transaction reported at approximately $1.83 billion.

  Aftermath

  The acquisition made Vedior the fourth-largest staffing company in the world at the time, and Select Appointments’ chief executive Tony Martin later became Vedior’s chief executive.

  Reported acquisition value. $1.83 billion transaction (1999)

  Source

1. 1Vedioren.wikipedia.org