Deal Further Strengthens Experis Brand's IT Capabilities
OSLO, Norway, Aug. 24, 2016 /PRNewswire/ -- ManpowerGroup
(NYSE: MAN), global leader in innovative workforce solutions, today
announced an agreement with Ciber, Inc. (NYSE: CBR), a leading
global information technology consulting, services and outsourcing
company, to acquire its business in Norway.
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The acquisition of Ciber Norway complements the organic growth
of ManpowerGroup's own professional resourcing and project-based
workforce solutions arm, Experis, and will help meet growing demand
in the IT sector. Ciber Norway's business, including 130 employees,
will transition over to ManpowerGroup when the deal is expected to
close later this month, pending regulatory approval.
This acquisition builds on ManpowerGroup's already strong
presence in Norway. Since opening
its first office there in 1952, ManpowerGroup has diversified its
business across four brands—Manpower, Experis, ManpowerGroup
Solutions and Right Management—now spanning thirty locations and
finding work for more than 20,000 people in Norway each year. Ciber Norway brings with it
ten years of IT industry expertise.
"We're pleased to announce this acquisition that continues to
build on the strength of our Experis business in Norway and further accelerates our strategy to
shift our business mix towards higher value and professional
services," said Maalfrid Brath, Managing Director ManpowerGroup
Norway. "As clients across every sector continue to invest in
rapidly changing technology and upgrade their capabilities,
ManpowerGroup is well-equipped to deliver the best talent and
provide in-demand skills at all levels of the IT market."
"The sale of Norway follows our
strategy to create a much more focused and simplified company as we
have announced," said Ciber President and Chief Executive Officer
Michael Boustridge. "We are pleased
to have found a high-quality home for our Norway business with ManpowerGroup/Experis. As
a strategic buyer with local operations, we believe they will
provide a seamless transition and great continuity and service to
our customers and our employees."
About ManpowerGroup
ManpowerGroup® (NYSE: MAN) is the world's workforce
expert, creating innovative workforce solutions for nearly 70
years. As workforce experts, we connect more than 600,000 people to
meaningful work across a wide range of skills and industries every
day. Through our ManpowerGroup family of brands –
Manpower®, Experis®, Right
Management® and ManpowerGroup® Solutions – we
help more than 400,000 clients in 80 countries and territories
address their critical talent needs, providing comprehensive
solutions to resource, manage and develop talent. In 2016,
ManpowerGroup was named one of the World's Most Ethical Companies
for the sixth consecutive year and one of Fortune's Most Admired
Companies, confirming our position as the most trusted and admired
brand in the industry. See how ManpowerGroup makes powering the
world of work humanly possible: www.manpowergroup.com.
About Experis
Experis™ is the global leader in professional resourcing and
project-based solutions. Experis accelerates organizations' growth
by attracting, assessing and placing specialized expertise in IT,
Finance and Engineering to deliver in-demand talent for
mission-critical positions and projects, enhancing the
competitiveness of the organizations and people we serve. Experis
is part of the ManpowerGroup family of companies, which also
includes Manpower, ManpowerGroup Solutions and Right Management. To
learn more, visit www.experis.com.
About Ciber, Inc.
Ciber is a global IT consulting company with approximately 6,000
employees in North America,
Europe and Asia/Pacific. Ciber partners with
organizations to develop technology strategies and solutions that
deliver tangible business value. Founded in 1974, the company
trades on the New York Stock Exchange (NYSE: CBR). For more
information, visit www.ciber.com and follow us on Twitter,
LinkedIn, Facebook, Google Plus and our blog.
Forward Looking Statements
This press release contains forward-looking statements related
to ManpowerGroup, Ciber Norway, and the potential benefits of the
acquisition, including statements regarding timing of closing and
results of the proposed transaction. Actual events or results may
differ materially from those contained in the forward-looking
statements due to risks, uncertainties and assumptions. These risks
and uncertainties include, but are not limited to, risks associated
with: ManpowerGroup's ability to successfully integrate Ciber
Norway; execution of plans and strategies; the inability to
successfully complete the transaction, and other important factors
that could cause results of the acquisition and related
transactions to differ materially from the forward-looking
statements detailed in ManpowerGroup's public filings with the SEC,
including its most recent Annual Report on Form 10-K. ManpowerGroup
disclaims any obligation to update any forward-looking or other
statements in this release, except as required by law.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
relating to Ciber's operations, results of operations and other
matters that are based on Ciber's current expectations, estimates,
forecasts and projections. Words, such as "anticipate," "believe,"
"could," "expect," "estimate," "intend," "may," "opportunity,"
"plan," "positioned," "potential," "project," "should," and "will"
and similar expressions, are intended to identify these
forward-looking statements. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Forward-looking statements are based
on assumptions as to future events that may not prove to be
accurate. For a more detailed discussion of these risks, see the
information under the "Risk Factors" heading in Ciber's Annual
Report on Form 10-K for the year ended December 31, 2015, and Ciber's Quarterly Report
on Form 10-Q for the three months ended June
30, 2016, and other documents filed with or furnished to the
Securities and Exchange Commission. Other than as required by law,
Ciber undertakes no obligation to publicly update any
forward-looking statements in light of new information or future
events. Readers are cautioned not to put undue reliance on
forward-looking statements.
Contact
Scott
Kozak
Ciber, Global Communications, Investor and Industry Relations
303-967-1379
skozak@ciber.com
Sven Fossum
Communications Manager
ManpowerGroup Norway
Mobile: +47 930 24 314
E-mail: sven.fossum@manpowergroup.no
http://www.manpowergroup.no/Presse/