OUTSOURCING Inc. has acquired a majority stake in OTTO Holding B.V.
OUTSOURCING Inc. has acquired a majority stake in OTTO Holding B.V. Financial details have not been disclosed.
Established in 1997, OUTSOURCING is a Japanese multinational company headquartered in Tokyo and engaged in providing outsourcing services, worker dispatching and employment placement, with a presence in Japan, China, Indonesia, Australia, the UK and Belgium, among others. With over 24,000 employees, the company's business focus include engineering, manufacturing and administrative outsourcing, recruitment and placement.
Under the backdrop of the EU’s characteristics of free movement of people, goods, capital and services, OTTO has carved out a certain niche position in the field of cross-border employment services mainly in the Netherlands and Poland. Ranked 8th in the industry by net sales in the Netherlands and 6th in Poland, OTTO supplies workforce to the Netherlands and Germany through its recruitment network in Central and Eastern European countries, and has also created a channel for supplying workforce from the Ukraine and Moldova to Poland through concluding labor agreements. The company was founded in 2000.
Oaklins' team in Japan acted as the sole financial advisor to OUTSOURCING in this transaction.
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