On Assignment has Acquired Valesta
Our client, On Assignment, has acquired Valesta, a privately-owned provider of specialized staffing in the area of clinical research within Western Europe. The consideration for the transaction is €12.8 million with a three year earn-out opportunity of up to €5.2 million. Valesta is headquartered in Belgium, with branch offices in Spain and The Netherlands and is focused on positions in the pharmaceutical, biotech, and medical device industries as well as at CRO’s (contract research organizations). The founders of Valesta will remain with On Assignment and lead the operations of Valesta. On Assignment is a leading global provider of highly skilled, hard-to-find professionals in the growing life sciences, healthcare, and technology sectors. The corporate headquarters are located in California, with a network of approximately 80 branch offices globally.
February 1, 2011