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Kelly Services Enters Mainland China with Acquisition of P-Serv

Kelly Services, Inc.
2007-06-04 12:10 1078

Company Expands Global Network to 33 Countries and Territories

TROY, Mich., June 4 /Xinhua-PRNewswire/ -- Kelly Services, Inc., a leading human resources solutions provider, today announced it has acquired P-Serv, a company specializing in temporary staffing, permanent staffing, outsourcing and executive search with operations in Mainland China, Hong Kong and Singapore. The acquisition increases Kelly's global footprint to 33 countries and territories.

Established in 1990, P-Serv has offices in Hong Kong, Singapore and seven China cities, including Chengdu, NanChang, Shanghai, Beijing, Suzhou, Guangzhou, and Shenzhen. P-Serv has a stellar reputation for providing customized solutions in human resources and outsourcing for temporary, contract and full-time positions. P-Serv also provides overseas placement, business process outsourcing and call center management services.

In 2006, China's staffing market was estimated at $2 billion. It is expected to reach $2.5 billion in 2007. As foreign investment in China increases, rapid growth in the staffing market is projected due to high demand for specialized, credentialed talent and efficient human resources solutions.

"We're excited to have the talented employees of P-Serv join our Kelly family. With the acquisition of P-Serv, we will further expand our reach into Mainland China and are able to tap into the large pool of talent that we need globally," said Dhiren Shantilal, Senior Vice President, Asia Pacific of Kelly Services. "We look forward to a successful partnership that will further enhance our comprehensive human resources solutions and will provide our clients with the talent they need to enhance their operations and effectiveness."

As part of the transaction, Paul Ng, P-Serv's managing director will join Kelly Services as Senior Director and General Manager for Greater China. Wong Poh Swan, P-Serv's, General Manager, Singapore will join as Director and General Manager of P-Serv Singapore.

"We are delighted to join the Kelly organization. Employees of P-Serv will tap into the resources, learning and experience of a world leader with more than 60 years of solid performance," said Paul Ng, Senior Director and General Manager of Greater China for Kelly Services. "Through Kelly's global network and comprehensive human resources solutions, P-Serv will successfully meet the evolving needs of our customers. It is truly a win-win partnership."

About Kelly Services, Inc.

Kelly Services, Inc. (Nasdaq: KELYA; KELYB) is a Fortune 500 company headquartered in Troy, Mich., offering staffing solutions that include temporary staffing services, outsourcing, vendor on-site and full-time placement. Kelly operates in 33 countries and territories. Kelly provides employment to more than 750,000 employees annually, with skills including office services, accounting, engineering, information technology, law, science, marketing, creative services, light industrial, education, and health care. Revenue in 2006 was $5.5 billion. Visit http://www.kellyservices.com .

ANALYST CONTACT:

James Polehna

Tel: +248-244-4586

Email: james_polehna@kellyservices.com

MEDIA CONTACT:

Renee Walker

Tel: +248-244-4305

Email: renee_walker@kellyservices.com

ASIA PACIFIC MEDIA CONTACT:

Jaquilin Ang

Tel: +65-9758-6282

Email: jaquilin_ang@kellyservices.com.sg

Source: Kelly Services, Inc.
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