Gi Group to acquire OnTime Group.

Gi Group​, an employment agency, acquires OnTime Group operating in the temporary and permanent staffing sector and in the national and international mobility sector. Financial terms were not disclosed. With this acquisition, Gi Group’s presence in Germany increases to over 60 branches, with an overall turnover of more than 150 million Euro and more than 4,000 FTE work placements, placing it among Germany’s top 20 recruitment agencies. “With the acquisition of OnTime Group we are greatly increasing our presence in the German market, which remains a strategic area in terms of size and the presence of top national and international market players. This transaction is also in line with our medium-term global objective, that is to become a 6 billion Euro global player within the next 5 years.” Stefano Colli-Lanzi, Gi Group’s CEO.