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Work Service continues its expansion - Antal International Sp. z o.o. and Work Express Sp. z o.o. join the group

01.10.2013

Antal International Sp. z o.o. and Work Express are two Companies which, for total amount of PLN 70m, will be purchased by Work Service this year, thus strengthening the Capital Group with their competences. Antal is a leader of Polish market of specialists and managers recruitment. Thanks to that acquisition, Work Service Group takes on a strategic position in the dynamically growing market of recruitment services. Thus, a Polish HR services expert expands its product offer by recruitment services of premium segment. The second entity is Work Express, a specialist in trans-border exchange of personnel. This transaction shall come into effect within a month, and still in this year Work Service Group is planning acquisition of further two companies. Work Service is consistent in carrying on its dynamic expansion within the Berlin-Moscow-Istanbul triangle, and its ambition is to become the strongest company in the sector of HR services in this part of Europe.

On Monday, an agreement was signed, under which Work Service Group was joined by Antal International in Poland. “The value of the investment by Work Service was PLN 28m, but within a month we will make one more, for PLN 42m.It will be Work Express; and it is just the beginning of our ambitious expansion plans in Central-East Europe.We do deliver on our promise made in January that we would grow dynamically and fast,” says Tomasz Hanczarek, President of Work Service S.A.

Antal International is an international executive recruitment company, with 110 offices in 35 counties worldwide. Antal has operated in Poland since 1996, and is a leader in recruitment of specialists and managers. The company has its offices in Warsaw, Wrocław and Kraków. Work Service has gained the right to use the brand of Antal International in three countries: Poland, Czech Republic and Slovakia. “By joining Work Service, we supplement the group’s portfolio with a professional service of recruitment of middle and top ranking employees based on the 17-year-old experience and extensive specialisation of our consultants.I am proud that we are getting connected with such a dynamic and ambitious company with Polish capital.Together, we will continue creating the Polish powerful position in HR in the CEE region,” comments Artur Skiba, Managing Director of Antal International.

Work Express operates since 2004, as a certified agency in personnel consultancy and temporary work. Each day, it coordinates the employment of 4 thousand people in Poland, Belgium, France, Germany and Great Britain. Soon, it is to open in Scandinavian markets. WIth revenues of 180m a year, it is a leader in sending employees abroad. Work Service takes over 80% of the company’s shares in the first year, and it will buy out the rest in subsequent years. “We boast the most experience in trans-border exchange of employees, and we have well-established relations with clients in many EU countries, which presents Work Service Group with yet more opportunities.For us, joining forces means we can broaden the spectrum of our activity.We will operate under our own brand, but with new opportunities and even better growth prospects," says Grzegorz Koziołek, Vice President and General Director of Work Express.

These two acquisitions make a very important step in the company's development. Thanks to them, Work Service is increasing its advantage over rivals. “We are strengthening our competences in permanent recruitment for specialist and managerial positions, and we are developing them in the framework of trans-border exchange of employees.Enriching the portfolio of our services gives us clear edge over our competitors,”sums up Tomasz Misiak, co-founder of the company, and the President of the Supervisory Board of Work Service.“We strive for being able to offer our clients full range of highest quality HR services throughout Central-East Europe; therefore, we are planning more acquisitions which will be widely talked about soon," adds Paul Sofianos, Chairman of the Supervisory Board of Work Service.

By building its structures in the Moscow-Berlin-Istanbul triangle, Work Service strengthens its position of an important European player and an attractive employer. “A well thought-out development of the group guarantees a dynamic and stable work environment  for employees of all our companies.Our presence in so many countries and such a richness of personnel services as in our offer means numerous opportunities for development from top to bottom.We give our best employees unique career opportunities in an international company with well-established position,” sums up Paul Christodoulou, Vice President of the Management Board of Work Service.  

 

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Work Service Capital Group has operated since 1999, and is the biggest service company in the Polish market of personnel services. It operates throughout the country by means of networks of offices, and abroad in 6 countries in Central-Eastern Europe. It specializes in restructuring within HR, recruitment of well-qualified employees, personal consulting and outsourcing of functions connected with HR management. It also offers solutions which use temporary work agreements. Over 2000 companies have chosen Work Service as their business partner, and almost 250 thousand people a year find work through Work Service. Work Service is the first company in personnel service sector listed on the Warsaw Stock Exchange.

 

More information:

Krzysztof Inglot,

Director of Market Development Department, Spokesman

  +48 508 040 345

  +48 71 371 0927

   

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