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Gi Group will acquire companies belonging to Work Service in the Czech Republic and Slovakia

Gi Group, one of the worldwide leading companies in the staffing business, will acquire Work Service S.A. companies in the Czech Republic and Slovakia. This will allow Gi Group to strengthen its market position in Central and Eastern Europe. The sale of companies in these countries results from the Work Service S.A. strategy which focuses on the development of operations in Poland. The Supervisory Board of Work Service S.A. agreed to the transaction on February 10, 2021.

It will be another transaction between Work Service S.A. and Gi Group after signing an investment agreement on February 13, 2020. As a result, Gi Group acquired a majority stake in Work Service S.A. in August last year and provided the necessary financial support.
Management Board of Work Service S.A. considered selling in the Czech Republic and Slovakia at the stage of selecting strategic options at the beginning of 2019 mainly due to the lack of sufficient synergies with these foreign companies operating independently. The adopted strategy focused more on the development of operations in Poland and obtaining additional funds to reduce liabilities.
- Our company has modern technological facilities and many years of experience. We enjoy the trust of our customers, which is a solid foundation for further, more intensive development of services and building a stronger position within a recognized, international group. We want to reach for the best solutions and provide the highest quality of customer service, focusing on our activities in Poland - comments Iwona Szmitkowska, President of the Management Board of Work Service S.A.
The acquisition of the companies by Gi Group will be a strategic complement to its current operations in the Czech Republic and Slovakia, where it has been providing expert and specialist recruitment services under the Grafton brand since 2018. Purchase of companies belonging to Work Service S.A. will expand the scope of international services of the Group to include temporary and permanent employment and outsourcing, and will strengthen its position in the field of recruitment of management staff, as well as training and consulting in the area of HR.
- This is an important step forward for Gi Group. With this operation we will strengthen our position in these two markets, that for us are very strategic, and I am sure that thanks to this we will be able to consolidate and raise our market share – says Stefano Colli-Lanzi, Gi Group CEO.
Existing customers of Work Service S.A. will be serviced as before, under the Gi Group Temp & Perm brand.

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