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Havas Merges Recruitment Division with Belgian Headhunter

News, 19 December 2000

French network Havas Advertising yesterday announced the merger of its recruitment operations with independent Belgian headhunter EMDS, scheduled for March.

The combined company, in which Havas will hold a 66% stake, has around 65 million euros in pro-forma 2000 turnover, and is estimated to have a growth rate of at least 35%, said Havas in a statement yesterday. Commented Havas’ finance director Alain Camon: “The profitability of these activities is above the average for the Havas Advertising group”.

News Source: CampaignLive (UK)