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Australia – Synergie to acquire Australian temp employment firm Entire Recruitment

10 January 2019

French staffing firm Synergie announced that it has signed an agreement to acquire Australian temporary employment firm Entire Recruitment.

The acquisition of 100% of Entire Recruitment’s shares will be through Synergie’s Australian subsidiary Synaco Global Recruitment.

No further financial details of the transaction were disclosed.

Founded in 2010, Entire Recruitment has grown its business in the eastern part of Australia, mainly in the regions of Brisbane (Queensland) and Sydney (New South Wales), and in 2018 it generated turnover of around AUD 38 million (EUR 23.5 million) and is particularly active in the mining, logistics and construction sectors.

Synergie aims to achieve a turnover of AUD 100 million (USD 62.0 million) in 2019 for its Australian businesses. The group plans to post more than 1,000 temporary workers on a daily basis as well as offering permanent placement expertise.

Synaco Global Recruitment, founded in 2012, provides temporary, contract and permanent staff across various sectors including mining and resources, oil and gas, construction and trades, defence, administration, and engineering and technical.

Separately, Synergie also announced that it had obtained approval from the Chinese authorities with a view to the imminent opening of a Chinese office in Qingdao (Shandong province), enabling it to support major European clients already present in the country. The group also confirmed the continuation of negotiations for new locations in Europe.

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