Recruitment giant Adecco has completed the acquisition of US recruiter MPS Group Inc.

The deal was for an enterprise value (the theoretical takeover price) of €782m (£691m), or $13.80 (£8.46) per share.
 
The deal follows the acquisition of Spring Group in the final quarter of 2009.
 
Adecco Group UK & Ireland will see the additions to the group’s portfolio of recruiter Badenoch & Clark, which specialises in accounting and finance, banking and financial services, HR, IT, legal, marketing and communications, project and programme management, procurement and public sector roles; IT and engineering staffing firm Modis International; and property and facilities management recruitment specialist Judd Farris.

Adecco adds that each brand will continue to operate as individual entities, capitalising on the skills and expertise inherent in each business line.
 
Peter Searle, chief executive of Adecco Group UK and Ireland, says: “The acquisition of MPS serves not only a chance to further strengthen and diversify the Adecco Group portfolio, but also as a statement of intent regarding the UK recruitment landscape.

“As we move further into 2010, the opportunity to reinvigorate and revitalize employment in the UK will only continue to grow. This acquisition ensures that we are well placed to capitalise on that opportunity.”