Vedior is pleased to announce that Albemarle Interim Management (“Albemarle”), its specialist interim management subsidiary, has acquired a 70% interest in Armadillo UK Limited (“Armadillo” or “the Company”), a leading UK interim management company.
Founded in 1995, Armadillo provides high-calibre managers, qualified professionals, management consultants and subject-matter experts on an interim management basis. The Company has an enviable portfolio of blue-chip clients including top financial services companies, in particular retail and investment banks, a mix of leading consumer and manufacturing companies, public sector organisations and many well known technology companies. These services and sectors are complementary to the business of Albemarle.

In May 2006, Albemarle also acquired Walker-Cox, another UK-based interim management specialist. Alan Horn, the CEO of Albemarle comments, “Our strong organic growth in 2006 and the addition of both Walker-Cox and Armadillo to our portfolio of interim management brands, means that Albemarle is now the largest provider of interim management services in the UK.” Vedior also provides interim management services throughout Europe as well as a number of other international markets.

Zach Miles, Vedior’s Chief Executive said, “The acquisition of Armadillo further extends and broadens our strength in the interim management sector. Vedior is in an excellent position to capitalise on market opportunities in this high-margin business.”
Based in Bath, Armadillo achieved (audited) annual sales of £7.5 million (€10.9 million) up to 31 December 2005.
Armadillo’s existing management team will continue to develop the Company and the outstanding 30% interest will remain with management.



Company Profile:
Vedior is one of the world’s largest recruitment companies and is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors.
From its global network of offices spanning Europe, North America, Australasia, Asia, South America and Africa, Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, payrolling and training.
Vedior has a leading market position in the provision of professional/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. We also have a significant global network providing administrative/secretarial and light industrial recruitment.



For further information, please contact:
Zach Miles, Chief Executive +31 (0)20 573 5609
Frits Vervoort, CFO
Jelle Miedema, Company Secretary