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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Adecco Group    ADEN   CH0012138605

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Adecco : buys life sciences staffing company Biobridges

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09/14/2017 | 07:25am CEST

Adecco said on Thursday it was buying U.S.-life-sciences career manager Biobridges to expand its higher-margin professional staffing business.

Biobridges, whose revenues are expected to be about $35 million (26.52 million pounds) in 2017, helps workers find jobs in the pharmaceutical, biotechnology and medical device industries. Zurich-based Adecco did not give financial terms of the transaction.

"BioBridges is deep-rooted in the life sciences space," said David Alexander, president of the Adecco Group's North America Finance, Office and Healthcare businesses. "Together we willoffer highly specialised workforce solutions to an industry that truly has the potential to change the world."

(Reporting by John Miller, editing by John Revill)

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Financials (€)
Sales 2017 23 723 M
EBIT 2017 1 182 M
Net income 2017 789 M
Debt 2017 698 M
Yield 2017 3,65%
P/E ratio 2017 13,76
P/E ratio 2018 13,38
EV / Sales 2017 0,49x
EV / Sales 2018 0,46x
Capitalization 11 019 M
Chart ADECCO GROUP
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Adecco Group Technical Analysis Chart | ADEN | CH0012138605 | 4-Traders
Technical analysis trends ADECCO GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 69,2 €
Spread / Average Target 7,4%
EPS Revisions
Managers
NameTitle
Alain Dehaze Chief Executive Officer
Rolf Hugo Dörig Chairman
Hans Ploos van Amstel Chief Financial Officer
David Norman Prince Independent Non-Executive Director
Wanda Rapaczynski Independent Non-Executive Director
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