Vedior
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Vedior N.V. (Euronext: [VDOR]
Vedior was originally created as a spin off from the Dutch retail and services company Vendex, following the acquisition of the French company Bis. In 1999 Vedior's application to purchase Select, a UK based staffing company with operations in the USA and Australia, was approved by the European Commission.
Post merger Vedior became the third largest staffing company in the world. However, the merger was hard to digest and left Vedior in a precarious position with a very large borrowing. Compounded by recessionary US conditions and a stagnant French market, former Select CEO Tony Martin was invited to take the helm of the Vedior group. Through prudent management and better economic conditions Vedior emerged in 2004 as a strong and viable global entity.
The current CEO, Zach Miles, has continued the focus on profitable growth through a series of small but strategic acquisitions. The Company is now the world's largest provider of professional/executive personnel in high growth sectors such as IT, accounting, healthcare, engineering, legal, and education. Given its diverse portfolio, Vedior operates under a number of separate niche brands. Many of Vedior's management team have equity in their own local brands which the company believes provides a strong entrepreneurial culture.
Information about Vedior is available on http://www.vedior.com.
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