FCCA approves acquisition of Sihti Osuma by Adecco Finland

On 18 August 2016, the Finnish Competition and Consumer Authority (FCCA) approved an acquisition by which personnel services company Adecco Finland Oy acquired Sihti Osuma Oy and, via the acquisition, Sihti Oy’s subsidiaries.

Both parties to the acquisition operate in the personnel services market in Finland. However, the FCCA has concluded that the acquisition will not significantly impede effective competition, or have a material negative effect on competition on the Finnish markets.

Adecco Group is a multinational personnel services firm which hires out human resources and assists in recruitment. Adecco Finland Oy is part of Adecco Group.

Sihti Osuma Oy is engaged in comprehensive service provision in the personnel services sector. It is a specialist in recruitment, executive search, personnel leasing and recruitment support services, and it focuses on the construction, industry, mining, IT and financial sectors.

The FCCA’s decision includes business secrets of the parties involved. The decision can only be published once all confidential information has been removed, which will take approximately two weeks.

Further information: Research Officer Laura Kauppila, tel. +358 29 505 3335