Significantly Increases Market Presence in Southeast Asia
Identifies Numerous Synergies
OLD GREENWICH, Conn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (the "Company" or "Hudson RPO") (NASDAQ:HSON), a leading global total talent solutions company, announced today the acquisition of Hudson Global Resources (Singapore) Pte Ltd ("Hudson Singapore"), a provider of recruitment services primarily to clients operating in Singapore. Hudson Singapore has a 30-year track record of senior placements and project recruitment work across Southeast Asia including Singapore, Malaysia, the Philippines, Vietnam, Thailand, and Indonesia.
"We are very excited to welcome the Hudson Singapore team to Hudson RPO and believe this accretive combination will generate considerable value for our clients, team, and stockholders," said Jeff Eberwein, Chief Executive Officer of the Company. "We believe a multi-service, total talent strategy consisting of recruitment services, contracting, project work, RPO, and MSP is essential to accelerate our growth in Asia, where RPO adoption has lagged that of other regions, and Hudson Singapore brings to Hudson RPO the complement of capabilities needed to execute on this strategy. Together, we believe we can achieve our Asia growth goals through cross-selling Hudson RPO's services among Hudson Singapore's diverse, blue chip client base as well as leveraging our recognition as a larger, full-service Asia enterprise to win new business and gain share in this important market."
Mr. Eberwein continued, "Today's announcement represents the continuation of our disciplined approach to pursuing accretive bolt-on acquisitions that strategically expand Hudson RPO's capabilities and capacity."