Temp Holdings and Kelly Services Announce Strategic Alliance
11 Mai 2010 - 8:40AM
Marketwired
Temp Holdings Co., Ltd. (TSE: 2181) and Kelly Services, Inc.
(NASDAQ: KELYA) (NASDAQ: KELYB) today announced a strategic
alliance arrangement to strengthen their competitive positions in
the global staffing market. Temp Holdings, a leading integrated HR
services company in Japan, has purchased from Kelly 1,576,169
shares of Kelly's Class A common stock, representing 4.8 percent of
the outstanding Class A shares. The shares were purchased from
Kelly in a private transaction at a price per share equal to the
average of $15.42 of Kelly's Class A shares for the week ending May
7, 2010. Kelly purchased an equity interest in Tempstaff in
February of 2005 and, with this transaction, continues to hold
shares in Temp Holdings.
"This strategic alliance is taken as a particularly significant
step towards Temp Group's aim of being the representative HR
services corporation in Asia," said Yoshiko Shinohara, President of
Temp Holdings Co., Ltd. "By both companies cooperating, we can
better address HR challenges of client firms when addressing needs
in high-potential Asian HR markets and, support a range of services
of use to job seekers."
"We are excited about the opportunities the strategic alliance
brings both companies in meeting the global workforce needs of our
customers," said Carl T. Camden, President and Chief Executive
Officer of Kelly. "This relationship strengthens Kelly's global
presence in key Asian markets, which remains a central component of
our strategic growth plan, while allowing both companies to
leverage one another's business relationships and expertise."
The alliance underscores a successful relationship between both
companies, and enhances their competitiveness in global markets.
Both Temp Holdings and Kelly are built on firm foundations that
embrace strong customer satisfaction, solid financial standing, and
a commitment to creating value for shareholders. In addition, each
company shares a similar operating philosophy of offering a
comprehensive array of global workforce solutions to customers
while providing desirable jobs for employees.
Temp Holdings Mr. Toshio Saburi will also be named to the board
of directors of Kelly Services. Toshio Saburi currently serves as
Executive Director and as a Director of Temp Holdings. Carl Camden
has served as a Director of Tempstaff since 2005 and will continue
serving as a Director of Temp Holdings.
"Mr. Saburi brings a wealth of industry experience to our
board," said Terence E. Adderley, Chairman of Kelly Services. "We
are delighted to welcome Toshio to our board of directors and look
forward to Toshio's valuable contributions."
About Temp Holdings
Since establishment of Tempstaff Co., Ltd. in 1973, the firm has
developed into an integrated HR services provider supporting:
contingent labor ('temps'), placement, outsourcing and outplacement
support. Aiming to be the representative HR service provider in
Asia, in October 2008 the joint stock holding company Temp Holdings
Co., Ltd. was established (HQ: Shibuya-ku, Tokyo JAPAN; President
Yoshiko Shinohara) and listed on the 1st Section of the Tokyo Stock
Exchange (TSE: 2181). In FY March 2010 sales were JPY 224,613
million. Visit http://www.temp-holdings.co.jp/english/
About Kelly Services
Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB) is a leader
in providing workforce solutions. Kelly offers a comprehensive
array of outsourcing and consulting services as well as world-class
staffing on a temporary, temporary-to-hire and direct-hire basis.
Serving clients around the globe, Kelly provides employment to
480,000 employees annually. Revenue in 2009 was $4.3 billion. Visit
www.kellyservices.com.
MEDIA CONTACTS: Public Relations Office Temp Holdings
Co., Ltd. Tel: +81 3 5352-2579 Fax: +81 3 5352-2980
kouhou@tempstaff.co.jp James Polehna Senior Director, Investor and
Public Relations Kelly Services, Inc. Tel +1 248-244-4586 Fax +1
248-244-3870 polehjm@kellyservices.com
Kelly Services (NASDAQ:KELYA)
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