Gi Group acquires Grupo Norte and consolidates its presence in Spain

The Group, led by Stefano Colli-Lanzi, has acquired the staffing company of Grupo Norte in Spain, where it already has a strong presence with four brands. The acquisition reaffirms the Group’s international strategy, which recently saw it enter the US market.

Milan, 07/30/2020 – GI Group, Italy’s largest HR multinational and one of the top 6 staffing companies in Europe, has concluded the acquisition the staffing company of Grupo Norte, a Spanish company specializing in temporary and permanent staffing and training with over 40 years’ experience in the local market.

Thanks to this acquisition, GI Group becomes one of the top 7 companies in the Spain and enhances its presence in this market, reaching areas like Asturias and the Basque Country.

The Group, which launched in Spain in 2008, has reached this agreement as part of a phase of substantial growth in the country, where it already operates through 4 brands – GI Group, Wyser, GI BPO, and Tack TMI – recording turnover in 2019 of € 130 million.

Founded in 1972, Grupo Norte was one of Spain’s top employment agencies. Over the years, it became a company that specializes in providing a number of HR services, and today it has around 1700 business customers and its turnover in 2019 was around € 70 million.

Stefano Colli-Lanzi, GI Group’s CEO, said, “This acquisition comes a few days after our launch into the US market. It allows us to improve our positioning and be more competitive in Spain, a country that is very important to us in terms of strengthening our role as a global player in the HR services sector, and is in line with our medium-term objective of reaching € 6 billion in turnover by 2023.

This objective remains largely unaffected by the pandemic and, today, the Group is totally focused on managing the recovery phase.

The transaction was completed at a time when the Spanish economy is trying to recover after the economic shock caused by the pandemic; all the more reason why we believe that an employment company like GI Group can give that recovery real impetus, responding to the needs of candidates and businesses through services like search and selection, training, outsourcing and career transition support”

Founded in 1998, GI Group began its internationalization strategy in 2007. Today, it operates directly in 29 countries and in 57 others through partnerships.

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GI Group is Italy’s largest multinational staffing company and is one of the world’s largest providers of services dedicated to the developing the labor market.
The Group operates in the following sectors: temporary staffing, permanent staffing, search and selection, executive search, training, employability support, HR administration, outsourcing, HR consultancy.
Thanks to its international expansion, which started in 2007, GI Group now operates directly or in a strategic partnership in over 50 countries in Europe, Asia, Africa and America.
At the end of 2010, Gi Group obtained important recognition by becoming part of the WEC – World Employment Confederation, the international confederation of employment agencies – as a Global Corporate Member.

Check out the press release: https://lnkd.in/eRSvcqe