Vedior N.V. was an international staffing services company providing flexible labour, based in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

, the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

and, thus, contributes more than 60% of its revenue to the social benefits of its employees there. Vedior operates in most of Europe, North and South America, Australia and New Zealand, South Africa, Middle East and Asia. It has been a wholly owned part of

Randstad Holding Randstad NV, commonly known as Randstad and stylized as randstad, is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands. It was founded in the Netherlands in 1960 by Frits Goldschmeding and operates in a ...

since the end of June 2008. The company operated in 50 countries and provides professional and executive personnel in IT, accounting, healthcare, engineering, legal, and education. It also provided HR-related services such as vendor management, outplacement, training and business process outsourcing. Vedior operated under a number of separate brands.

History

Vedior was originally created as a spin-off from the Dutch retail and services company Vendex, following the acquisition of the French company Bis. In 1999 Vedior's application to purchase Select, a UK-based staffing company with operations in the USA and Australia, was approved by the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...

. Post merger, Vedior became the fourth largest staffing company in the world. Former Select CEO Tony Martin subsequently became the new CEO. Zach Miles replaced Martin as CEO in 2004, and oversaw more than 20 company acquisitions. Tex Gunning joined the company as Miles' replacement in September 2007 having previously been Group Vice President for South East Asia and Australasia at

Unilever Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy drink, t ...

. Gunning left the firm after its acquisition by Randstad in 2008. On 3 December 2007, Vedior agreed in principle to be acquired by larger Dutch-listed rival

Randstad The Randstad (; "Rim" or "Edge" City) is a roughly crescent-shaped conurbation in the central-western Netherlands, consisting primarily of the four largest Dutch cities (Amsterdam, Rotterdam, The Hague, and Utrecht); their suburbs, and many tow ...

for around €3.5 billion. The combined company would be second only to

Adecco The Adecco Group, is a Swiss- French company based in Zurich, Switzerland, and is the world's second largest Human Resources provider and temporary staffing firm, and a Fortune Global 500 company. They directly employ 700,000 people a day, a ...

in the global recruitment business.<ref></ref> Randstad launched a formal offer valuing Vedior at €3.3 billion on 2 April 2008, with the takeover targeted to be completed in May.<ref></ref> At the close of the offer period on 13 May, Randstad declared ownership of over 93% of Vedior's shares, facilitating the company's removal from the

AEX index The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the ''Amsterdam Stock Exchange''. Started in 1983, the index is composed of a maximum of ...

.<ref></ref> Vedior's shares were

delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, sub ...

from the

Amsterdam Stock Exchange Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange, it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The r ...

on June 25.<ref></ref>

References

{{reflist

External links

Official website
Randstad NV Business services companies established in 1998 Companies based in Amsterdam Employment agencies of the Netherlands Privately held companies of the Netherlands Temporary employment agencies