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Westchester Assists Lansdowne in Sale to ARINSO International -- Advises in completion of transaction announced April 3rd
LONDON - April 5, 2006 - Westchester Associates Limited (www.westchester.co.uk) today announced that it assisted Lansdowne Creative Marketing Ltd ("Lansdowne") in its acquisition by ARINSO International (Euronext Brussels: ARIN).
ARINSO offers information technology based HR business solutions to the world's largest employers including implementing SAP HR, Payroll outsourcing and now Recruitment process outsourcing.
Founded in 1990, Lansdowne provides innovative recruitment solutions and services, including Recruitment Process Outsourcing (RPO) and call centre technology to leading blue chip organisations in the United Kingdom. In 2005, its revenues exceeded EUR 7 million. The company employs over 100 staff and provides services to organisations such as Norwich Union and Lloyds TSB.
Graham Young, Managing Director of ARINSO UK Ltd comments, "Lansdowne has a solid client base in the UK and has worked with over 70% of its clients for more than 5 years. The acquisition of Lansdowne will enable ARINSO UK to enhance its position as a leading HR Services provider. Future plans will see the extension of the Recruitment Service to other countries around the world, underlining ARINSO's strategy to create and provide a consistent, world class, end-to-end HR service for its clients".
About Westchester Associates
Westchester Associates are specialists in technology mergers and acquisitions (M&A) services. We represent and advise Sellers and Buyers in M&A projects in the UK, Europe and the USA, with specific focus in software and service businesses.
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