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Business EconomyPosted at: Apr 26 2016 8:55PM


Quess Corp acquires Randstad Lanka

Bengaluru, Apr 26 (UNI) City-based Quess Corp Ltd today announced the completion of the acquisition of Randstad Lanka from Randstad India Private Limited.
The acquisition was closed pursuant to the terms of a share
purchase agreement that was entered on October 14, 2015.
Headquartered in Colombo, Randstad Lanka offers staffing and
human resource solutions in Sri Lanka. The company services several
clients, including Sri Lankan operations of several Fortune 500
clients.
Speaking on the acquisition, Ajit Isaac, Chairman and MD, Quess
commented, ''The acquisition lends heft to our People and Services
business segment and to our presence in Asia Pacific. More
importantly, Randstad Lanka gives us a strategic beachhead in Sri
Lanka which can be used for launching our offerings in Integrated
Facility Management, Managed Services and other businesses in Sri
Lanka.''
This acquisition is expected to strengthen Quess’ position as one
of the leading providers of integrated business services. Post
completion of this acquisition, Quess operates across eight
countries with a strong presence in the Asia Pacific.
UNI RS KVV ADB 2052
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