Vedior is pleased to announce it has acquired a 75% interest in Capsil Oy (“Capsil” or “the Company”). Capsil's core competencies are in the provision of outsourced pharmaceutical sales and telemarketing services. The Company is a pioneer and market leader in this niche market within Finland.

Capsil provides pharmaceutical companies with marketing managers, sales managers, sales representatives and call booking services on a contract basis to provide their clients with flexibility in addressing sales campaigns and product launches. Headquartered in Lahti, in southern Finland, the Company has its own call centre and training/marketing units.

Zach Miles, Vedior’s Chief Executive said, “Vedior has been gradually extending its presence in the pharmaceutical recruitment sector through organic and acquisitive means. The acquisition of Capsil follows on from last week’s announcement of Vedior’s acquisition of Delta Pharma, Inc. a US pharmaceutical and biotechnology recruitment specialist. Capsil’s sales and marketing specialism neatly complements our existing presence in this attractive sector. The pharmaceutical market offers good growth potential and is also generally less sensitive to economic cycles.”

Established in 2001, Capsil has grown strongly and achieved audited annual sales to 31 December 2004 of €3.4 million.

The pharmaceutical industry has experienced high growth over recent years. NeomedIT, a company that provides data on the pharmaceutical market, estimate that the sale of medicines grows continuously at between 8% to 12% per annum worldwide with demand led by the requirements of an ageing population and met by the continuing development of new drugs.

Vedior already operates in Finland under the brands Teleresources and Select Appointments providing telebusiness, office administration and accounting personnel on a temporary basis.

Capsil’s existing management team will continue to develop the Company. The outstanding 25% interest will remain with management of the Company with Vedior having the right to acquire these shares in due course.

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 in 43 countries. Annual sales for 2004 were €6,467 million.

From its global network, 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 as well as 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