Randstad Holding a leading human resources services provider, and Monster Worldwide, Inc., a global leader in connecting jobs and people, announced the signing of a definitive agreement under which Randstad will acquire Monster. According to the agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429.
With this new step, Randstad intends to build the world’s most comprehensive portfolio of HR services. Monster will continue operating as a separate and independent entity under the Monster name.
“In an era of massive technological change, employers are challenged to identify better ways to source and engage talent,” said Jacques van den Broek, CEO of Randstad. “With its industry leading technology platform and easy to use digital, social and mobile solutions, Monster is a natural complement to Randstad. The transaction is aligned with our Tech and Touch growth strategy and reflects our commitment to bringing labor supply and demand closer together to better connect the right people to the right jobs. We look forward to welcoming the Monster team and working together to shape the evolving global job industry.”