Adecco has bought German temp specialist Tuja Group.

The company signed an agreement to acquire 100% of Tuja Group for a total consideration of around €800 million (£540m).
With this transaction, Adecco significantly strengthens its position in the German temporary staffing market, one of the fastest growing of its kind in the industry worldwide.

Dieter Scheiff, chief executive of the Adecco Group, said: “This is an important day for Adecco. I consider the German market as one of the most interesting ones in our industry. With only 1% temporary staffing penetration, this market benefits from structural changes and thus promises sustainable growth.”

Peter Jackwerth and Thomas Bäumer, chief executive and chief operating officer of Tuja Group added: “We are very pleased to become part of the Adecco Group. We are convinced that together with Adecco we can better sustain our strong growth in revenues and earnings, while offering exciting perspectives to our associates and colleagues.”