10 May 2016 12:00 am
Quess Corp Ltd (“Quess”) announced the completion of the acquisition of Randstad Lanka Pvt Ltd (“Randstad Lanka”) from Randstad India Private Limited (“Randstad India”). 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 said, “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.