USG People - History

History

The company in its current form was founded from the 1997 merger between the Benelux staffing firm Unique International B.V. and the publicly traded Goudsmit N.V., a holding company involved in various sectors including recruitment. The enlarged group changed its name to United Services Group N.V. in 2001.

In 2002 United Services Group acquired a controlling stake in the job agency Start Holding, which had been privatised by the Dutch government six years earlier. This was later expanded to full control. The deal gave USG an increased presence in countries such as Spain and Italy.

The company acquired smaller Belgian peer Solvus Resource Group for around €585 million in August 2005, after which it again changed its name to USG People N.V.

In late 2008 the company adopted a "poison pill" defence against potential acquisitors by issuing preference shares to a company foundation.

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