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Vedior acquires unique UK Education specialist

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Amsterdam, Tuesday, February 21, 2006

Vedior acquires unique UK Education specialist


Vedior is pleased to announce it has acquired an 85% interest in Special Agent Ltd (“Special Agent” or “the Company”). Special Agent is the UK’s only specialist recruiter whose key focus is the provision of temporary and permanent educational support personnel in ICT, finance, sales/marketing and school improvement/consultancy disciplines.

The Company’s clients include not only schools, colleges, universities and local education authorities, but also educational product and service providers. Special Agent is the only recruitment company that is a member of the British Educational Suppliers Association.

Special Agent operates through seven distinctly branded divisions taking a highly consultative approach to client requirements and is uniquely positioned to source a range of experienced professionals for interim, consultancy or permanent work. The Company has been short-listed as a finalist for “Supplier of the Year” at the Education Resources Awards 2005.

Established in 2001, Special Agent achieved unaudited annual sales to 31 May 2005 of £2.8 million (€4.0 million).

Zach Miles, Vedior’s Chief Executive said, “Special Agent is a prime example of the type of high-margin, fast-growing niche business we target as part of our pro-active acquisition programme. The Company’s area of expertise perfectly enhances our existing education services in the UK and extends our leading market position.”

Vedior also provides education recruitment services in Australia, the Netherlands and US. In 2005, Education recruitment sales represented 6% of Vedior’s annual operating income.

Special Agent’s existing management team will continue to develop the Company. The outstanding 15% interest will remain with management 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.

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