Humares strengthens balance sheet with sale of XPE in Belgium
Vlissingen, 24 September 2009
Humares, specialist in the temporary placement and secondment of maritime, technical and industrial staff, has agreed to sell the Belgian arm of its subsidiary XPE Group to Adecco. The proceeds from the sale will be used to strengthen Humares' balance sheet and focus on the company's core business in the maritime, technical and industrial sectors. At the same time Humares is announcing a change in management as CEO Alain Dehaze is leaving the company. Humares founder and delegated Supervisory Board member Wijnand van Gessel is temporarily taking over the day-to-day management of the company.
With a staff of around 100 people, the Belgian parts of Humares subsidiary XPE Group focus on the recruitment, selection and secondment of employees for the engineering and pharmaceutical industries. The activities of XPE Group in the Netherlands will remain part of Humares. XPE Group Managing Director Mark De Smedt has also accepted a position at Adecco. The sale of XPE Group in Belgium enables Humares to strengthen its balance sheet and focus more on its core activities in the maritime, technical and industrial sectors.
Dehaze has joined the Executive Committee of Adecco in the position of Regional Head of Northern Europe. "We regret the departure of Alain Dehaze," said Wijnand van Gessel. "Nevertheless, we understand that the position he has accepted at Adecco is a unique personal opportunity for him. We wish to thank Dehaze for contributing to the growth of Humares these past years," Van Gessel said, adding that the departure of Dehaze took place in close consultation with the Supervisory Board.
Delegated Supervisory Board member Van Gessel stressed that Humares continues to be an ambitious company. "Like other players in the flexible staffing market, we too are not immune to the economic crisis. Humares is, however, in essence a sound company with all the attributes needed to achieve the same high returns it did in the past once the market picks up. We are seeing signs that the market has bottomed out," said Van Gessel, who looks to the company's future with confidence.
With regard to the sale of XPE in Belgium, ING Corporate Finance acted as exclusive financial advisor to Humares.
Questions about this press release?
If you have any questions concerning this press release, please contact:
Humares Media Relations
E-mail: media-relations@humares.com
Phone number: +31 118 429000
Fax: +31 118 418584
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If you have any questions concerning this press release, please contact:
Humares Media Relations
E-mail: media-relations@humares.com
Phone number: +31 118 429000
Fax: +31 118 418584
Vlissingen, 16 November 2011
Maintec, the Humares Group subsidiary specialized in the national and international recruitment and placement of skilled technical personnel, has strengthened its position in Europe by opening two branches in Zlin and Kladno in the Czech Republic. The new branches increase Maintec’s ability to recruit technical personnel for Maintec in the Netherlands and for Maintec and Impact Interim in Belgium.