Temp Holdings and Kelly Services(R) Announce Joint Venture
24 Juillet 2012 - 8:30AM
Marketwired
- New joint venture, TS Kelly Workforce Solutions, effective
October 2012
- Provides both companies with accelerated growth opportunity,
larger presence, critical mass and added leverage to compete in the
global marketplace
- Establishes strong foundation for both companies in North Asia
(*1)
- Strengthens the synergies of both companies' outsourcing and
staffing capabilities
Temp Holdings Co., Ltd. (TSE: 2181) and Kelly Services, Inc.
(NASDAQ: KELYA) (NASDAQ: KELYB) today announced that they have
entered into a joint venture agreement to expand both companies'
presence in North Asia. The joint venture, TS Kelly Workforce
Solutions, will be headquartered in Hong Kong and will be effective
October 2012 (*2). Under the terms of the agreement, Toshio Saburi,
Executive Managing Director of Temp Holdings Co., Ltd., will be
appointed chief executive officer.
In 2010, Temp Holdings and Kelly Services formed a strategic
alliance to expand and strengthen their competitive positions in
the global staffing market. The joint venture is a natural
evolution of the collaboration between the two companies and marks
their strategic commitment to the emerging Asian market.
With the creation of the joint venture, each company is well
positioned as a major workforce solutions partner for multinational
companies seeking professional and technical full-time talent,
temporary labor, and outsourcing in North Asia. Temp Holdings
brings their expertise in navigating the North Asian staffing
market, in addition to having a well-established
Japanese-headquartered client base. Kelly complements the joint
venture with their existing global clients doing business in North
Asia while also offering expertise in talent supply chain
management.
"The establishment of this joint venture company is a major step
towards this firm pursuing its mid-term management strategy of
'actively developing the global marketplace'. As moves into the
Asian market by Japanese firms gather pace, we will increasingly
look to the Asian market for future growth opportunities. As such,
we aim to accurately understand the needs of firms and also job
seekers and, provide a wide range of services," said Temp Holdings
Representative Director, Chairman and President Yoshiko
Shinohara.
"The joint venture with Temp Holdings confirms Kelly's
commitment to strengthening our talent supply chain in the rapidly
growing North Asia market," said Carl Camden, President and Chief
Executive Officer, Kelly Services. "Many of our global clients have
a strong presence in this market and are seeking diversified
workforce solutions that offer them a competitive edge.
Collaborating with Temp Holdings provides us the flexibility to not
only expand our solution offerings, but to customize them to the
local market."
(*1) North Asia; China, Hong Kong, Taiwan and Korea (*2) Temp
Holdings sub-subsidiary Tempstaff Hong Kong will change its name to
"TS Kelly Workforce Solutions"
About Temp Holdings Since establishment of
Tempstaff Co., Ltd., in 1973, the firm has developed into an
integrated HR services provider supporting: contingent labor,
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 2012 sales were JPY 233,195
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 more than 550,000 employees
annually. Revenue in 2011 was $5.6 billion. Visit
www.kellyservices.com and connect with us on Facebook, LinkedIn,
and Twitter. Download The Talent Project, a free iPad app by Kelly
Services.
MEDIA CONTACTS: Group Public Relations Office Temp
Holdings Co., Ltd. Tel: +81 3 5352-2579 Fax: +81 3 5352-2980
kouhou@tempstaff.co.jp James Polehna Vice President, Investor &
Public Relations Kelly Services, Inc. Tel: +1 248-244-4586
Fax: +1 248-244-5497 polehjm@kellyservices.com
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