Talent acquisition and flexible staffing firm HRnetGroup Ltd, or HRN, currently coasts operations in 13 cities across Asia including Hong Kong, Indonesia, Singapore, and Thailand. The group has two complementary operating segments -- professional recruitment and flexible staffing -- and serves clients in 30 different sectors.
Since its listing in 2017, HRN has conducted a series of acquisitions. These are meant to build up the group’s presence in key markets as well as ensure it captures a slice of the burgeoning human resources market. Have these acquisitions panned out well for the group thus far? Should investors continue to be patient and hold out for results?
Acquisitions in 2018
Below is a brief summary of the acquisitions HRN made in 2018.
In addition to the above, HRN has also incorporated entities in Malaysia for recruitment and flexible staffing as well as a company in Shenzhen for management consulting and business information provision.
The above acquisitions would provide good support for HRN’s expansion. Glints would be useful as a platform reaching out to young adults looking for jobs, while REForce Shanghai would be able to tap into professional recruitment and staffing in four Chinese cities. Career Personnel is a smart move as government agencies hire a lot of staff, and HRN now has a finger in this pie, too.
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