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Australia – Randstad acquires Sageco

24 November 2016

Global staffing provider Randstad announced that it has signed an agreement to acquire a 100% stake in Sageco, a provider of career transitions in Australia and New Zealand.

As of completion, which is expected to take place on 31 December 2016, Sageco will be renamed Sageco, a RiseSmart company. The Randstad outplacement and Sageco transition teams will merge under the Sageco brand - incorporating RiseSmart technology solutions in Q1 2017.

Randstad said in a statement: “The acquisition is part of a broader Randstad strategy of becoming the leading global player in the outplacement industry. This announcement further strengthens Randstad’s position in Australia and New Zealand in the outplacement and career transition sector, where we have been providing services for over 25 years.”

 “This acquisition further underscores our commitment to becoming the outplacement market leader in all regions of the world. It strengthens our sourcing, onboarding, and talent management portfolio and reinforces our position as the leading HR partner across the entire talent lifecycle,” Frank Ribuot, CEO of Randstad Australia & New Zealand said.

“Bringing Randstad's and Sageco's industry expertise and local market connections together with RiseSmart's sophisticated technology gives our customers best-of-breed, highly-differentiated solutions. It provides comprehensive, progressive career transition and outplacement alternatives that are focused on results, not just the journey,” Ribuot said.

Alison Monroe, who will take up the role of National Director, Australia New Zealand for the new Sageco, commented, “With this acquisition, we bring together Sageco’s holistic approach, RiseSmart’s innovative technology platforms and Randstad’s experience and global reach. The new Sageco will no doubt be a force and market leader in Australia and the Asia Pacific region."

"Since 2003, Sageco has guided and inspired organisations and individuals through change. We are excited about the expanding opportunities that lie ahead to transform career experiences of people of all ages and stages in their life - to create a positive future. I look forward to leading our clients and our team through this transition,” Monroe said.

Sageco provides specialised solutions for workforces facing organisational change due to redeployment, redundancy, retirement, role and leadership changes.



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