Randstad Risesmart Accelerates Expansion in Europe With Acquisition of German Outplacement Firm
Randstad RiseSmart, the fastest-growing outplacement and talent mobility provider, announced that it has signed a definitive agreement to acquire 100 percent stake in Mühlenhoff + Partner GmbH and its operating companies, collectively, one of the leading outplacement firms in the German market. Mühlenhoff is a full-service provider of personnel and management consulting for companies undergoing workforce reshaping and restructuring. It offers employees, managers and top executives an array of outplacement, leadership development, assessment and consulting services, including transfer measures for continued employment.
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Mühlenhoff was founded 30 years ago by German outplacement pioneer, Herbert Mühlenhoff and today is the HR partner organization to many blue-chip German companies. Mühlenhoff has a network of more than 4,000 organizations and showcases placement rates of 95 percent, a measure of the quality of its delivery and the effectiveness of its support for organizations and talent throughout the employee lifecycle.
“This acquisition reinforces our commitment to the German market and continues our aggressive expansion across Europe,” said Dan Davenport, president and general manager of Randstad RiseSmart. “Mühlenhoff has a stellar reputation in the market. We are honored to carry Mr. Mühlenhoff’s legacy forward and welcome the firm’s employees into the RiseSmart family.”
“We have been observing RiseSmart’s momentum and exceptional reputation around the world for some time and are thrilled to be joining forces with a company that is so innovative, customer-focused and delivers on its promises,” said Mühlenhoff Managing Director, Daniela König-Mühlenhoff, who together with Herbert Mühlenhoff, built the company into a well-known and highly-regarded provider. “Combining our local market knowledge and expertise with RiseSmart’s industry-leading solutions will be a win for our customers and the German marketplace.”
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