Advertising conglomerate, The Adecco Group, declares purchase of Mullin International
In a significant move, the Adecco Group, a global leader in workforce solutions, has announced the acquisition of Mullin International. This acquisition is expected to bolster the impact of Lee Hecht Harrison's re-imagined approach to career transition.
Mullin International, a New York City-based career transition firm founded in 1980, is one of the largest privately-held career transition firms in the world. With a successful 35-year track record of delivering solid results as a premier provider of individual career transition solutions, redeployment solutions, and executive coaching, Mullin International brings a wealth of expertise to the table.
The Adecco Group, registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN), is the world's leading provider of workforce solutions. With more than 33,000 FTE employees in 60 countries and territories around the world, the group offers total workforce solutions including temporary staffing, permanent placement, career transition, talent development, and outsourcing.
The acquisition of Mullin International is expected to further strengthen Lee Hecht Harrison's fast-growing senior executive transition business. The integration of Mullin International into Lee Hecht Harrison, the Adecco Group's subsidiary and the leading global provider of career transition and talent development solutions, will likely enhance Adecco's capabilities in providing comprehensive career transition and talent development services, particularly in North America.
Rapid changes in hiring practices have had a significant impact on the career transition industry. This acquisition could improve the scale, reach, and integration of career transition programs and leadership development solutions for clients, leveraging Adecco's extensive global network and resources.
However, without specific disclosures or analyses from the acquisition announcement or subsequent market reactions, the precise market impact, such as changes in market share, service offerings, client base, or competitive dynamics, cannot be detailed at this time.
The terms of the transaction have not been disclosed. As more details emerge, it will be interesting to see how this acquisition shapes the future of career transition and talent development services in the industry.
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