Prague, February 12th, 2021 - Gi Group, one of the world's leading companies in the field of recruitment and HR services, which since 2018 also includes Grafton Recruitment, takes over from Work Service S.A. its branches in the Czech Republic and Slovakia. With this step Gi Group further strengthens its position in Central and Eastern Europe. The transaction that the Supervisory Board of Work Service S.A. agreed on February 10, 2021, will be completed in the coming weeks.
Gi Group and Work Service cooperation began in February 2020 by signing an investment agreement. Following this, Gi Group acquired a majority stake in the company in August last year and provided it with the necessary financial support. Selling the Czech and Slovak branches of Work Service is part of the strategy decided by the Supervisory Board at the beginning of 2019. In addition to this acquisition, the strategy also includes reducing financial liabilities and focusing activities primarily on the Polish market.
Since 2018, the Gi Group has been offering a wide portfolio of HR services in the Czech Republic and Slovakia under the Grafton Recruitment and Gi Group brands. Acquisition of Work Service S.A. will enable Gi Group to expand its range of services in the field of recruitment, temporary staffing and outsourcing. At the same time, it will strengthen its position in both markets in the area of recruitment of managers and also training and HR consulting.
"The merger of the Czech branches of Gi Group, Grafton Recruitment and Work Service will strengthen our position as a leader in the field of personnel services, from which will benefit both our business partners and candidates," comments Martin Malo, director of the Czech branches of Grafton Recruitment and Gi Group.
“This is an important step forward for Gi Group. With this operation, we’ll be stronger in these two markets, that for us are very strategic, and I’m sure that thanks to this we’ll be able to consolidate and raise our market share” says Stefano Colli-Lanzi, CEO of Gi Group.
The existing clients of Work Service S.A. will be provided with the same services as before, only under the Gi Group Temp & Perm brand.
„The merger of Work Service with Gi Group and Grafton Recruitment will increase the quality and scope of the Recruitment Services we provide on the Czech Market. We expect the synergy effect to be immediate and long-lasting. It will allow us to meet the needs of employers and candidates even better in these difficult times.“ says Jan Stehlík, manager of the Czech branch of Work Service.