Crystal acquires technical recruiter
A
TAC Europe product story
Edited by the Engineeringtalk editorial team
Oct 6, 2005
Following last year's acquisition of the UK arm of the Spherion Group, Crystal Co of Japan has purchased TAC Worldwide Companies for an undisclosed figure via a 100% share deal.
Following last year's acquisition of the UK arm of the Spherion Group, Crystal Co of Japan has purchased TAC Worldwide Companies for an undisclosed figure via a 100% share deal.
The move represents an additional Eur 470 million global revenues to Crystal, and provides the group with a market leading brand in the technical recruitment arena and an unrivalled position in the supply of vendor neutral managed service programmes.
The acquisition by Crystal represents an important step in the group's overall strategy of achieving Eur 1 billion of European revenues by 2009.
TAC Europe will join sister companies, FSS and Crone Corkill, under the ownership of Crystal Group.
Currently ranked as the 40th largest recruitment company in the UK, TAC Europe will continue to operate as an independent subsidiary.
Graeme Maude, CEO, Crystal UK (comprising the FSS and Crone Corkill brands) says: "This is very positive news for our business, our clients and our candidates".
"It clearly presents all Crystal companies with major business development opportunities as well as the chance to exploit appropriate synergies where possible".
"Like FSS' and Crone Corkill's clients, TAC Europe's clients will benefit from the delivery of a consistently high quality service and broader product choices".
"And for our candidates, it significantly expands our coverage across the UK".
Simon Trippick, Managing Director, TAC Europe, comments: "This is a tremendous opportunity for our staff and our clients, as it presents us with major development opportunities".
"We continue to grow year on year and deliver first class recruitment solutions".
"We fully intend to continue this success and expand further as a result of joining the Crystal Group".
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