Austrian temping co Trenkwalder buys Bulgarian peer
Austrian personnel service provider Trenkwalder Group Wednesday announced the acquisition of an 80% stake in Bulgarian personnel consulting company Correct-Consult.
Trenkwalder said the deal continues its market growth in Central and Eastern Europe.
The rapidly rising demand for staff services will initially be satisfied at two locations in the Bulgarian capital Sofia and on location in Plovdiv. Two further locations have already been planned.
The acquired Correct-Consult, one of the leading providers of personnel in Bulgaria, has been active on the market since 2001, primarily for national clients.
With the arrival of Trenkwalder, the previous year’s turnover of around 50,000 euro net should multiply many times over by next year.
Across Europe, the Trenkwalder group is currently active at over 280 locations in 17 countries, and is the market leader in Austria, Hungary, the Czech Republic and Slovakia.
The family-run company with headquarters in Schwadorf, Vienna, is one of the top five temping companies in Europe.