MADRID, Feb. 15, 2017 /PRNewswire/ -- ManpowerGroup
(NYSE: MAN), global leader in innovative workforce solutions, today
announced signing a purchase agreement with Ciber, Inc. (NYSE:
CBR), a leading global information technology consulting, services
and outsourcing company, to acquire its business in Spain.
The acquisition further strengthens ManpowerGroup Spain's
capacity to deliver best-in-class IT staffing solutions, and
complements the organic growth of its Experis brand, the
professional resourcing and project-based workforce solutions arm
of the company. The transaction is expected to close by the end of
February, when Ciber's business and employees will transfer to
ManpowerGroup.
The deal builds on ManpowerGroup's already well-established
business in Spain. Started in
1988, ManpowerGroup Spain today offers diversified workforce
solutions across five brands — Manpower, Experis, ManpowerGroup
Solutions, Futurskill and Right Management. With 120 locations and
more than 600 employees, ManpowerGroup Spain helps over 69,000
individuals find work every year, offering clients a broad range of
staffing, development and workforce management
solutions.
"As our clients continue to invest in and upgrade their
technology platforms, this acquisition will help us meet the
fast-growing demand for IT support and provide the solutions they
need," said Raul Grijalba, Executive
President, ManpowerGroup Spain. "Ciber Spain's deep industry
knowledge and expertise are a natural fit within the ManpowerGroup
family, and will help us continue to shift our business mix towards
higher-value services for both clients and candidates."
"The sale of Ciber Spain reflects continued execution against
our plans to simplify our geographic footprint and focus our
portfolio of offerings," said Ciber President and Chief Executive
Officer Michael Boustridge. "As a
strategic buyer with local operations, we believe Manpower/Experis
will provide a seamless transition and great continuity and service
for our Spanish customers and 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 Ciber, Inc.
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.
ManpowerGroup Inc.'s Cautionary Statement Regarding Forward
Looking Statements
This press release contains
forward-looking statements related to ManpowerGroup, 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 Spain;
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.
Ciber, Inc.'s Cautionary Statement Regarding Forward Looking
Statements
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 September 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.
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SOURCE ManpowerGroup; Ciber, Inc.