Talent is delighted to announce that Talent UK has become a wholly owned subsidiary of Australian based Talent International Holdings.
Talent had previously established itself in the UK via a joint venture in 2014 whereby it took a 50% stake in an existing company founded by Jonathan Butterfield and the UK management team. Chairman Richard Earl said that it had always been the intention to bring the entities closer at some point in the journey and that the timing was now right.
Operationally there is minimal change and it will largely be business as usual with Jon Butterfield continuing as CEO of the company’s UK and European operations. However, Talent expects to see a greater cultural alignment around the global vision and more investment in the various initiatives which have enabled Talent to provide such unique offerings and service to the market place such as Talent Engage, Talent Rise, and the Talent Unleashed Awards.
Jon Butterfield commented that everyone had enjoyed a highly productive and healthy relationship over the last few years and that it represented a natural progression. As a current member of the main Talent Holdings board he said it made perfect sense on many fronts. Existing UK shareholders would now be part of Talent Holdings which will create simpler and stronger structure that should be beneficial for all in the long term. Butterfield added that he would like to thank everyone across the UK and Europe for their support and dedication over the past few years and that they were an incredible team of people who are deeply passionate about what they do.
Earl agreed adding that this was an exciting and positive development that will see total revenue go well past $500million across its global network of 17 offices. The 6 offices in the UK and Europe have seen exceptional growth and contribution over the last few years with particular success around Germany, the Public Sector, and Microsoft Dynamics specialist Hunter Charles. We expect to see further growth over the next 3 years as we roll out ambitious plans and initiatives across the whole region.
These views were echoed by APAC CEO Mark Nielsen who said this would be a great motivation to align the global business more closely from a sales, marketing, people and culture and financial management perspective. Nielsen along with Talent UK’s CFO Patrick Dundon and Holdings CFO Yaron Segal had put in a huge effort to bring this deal together.
Without doubt this makes Talent a much stronger proposition and sets the group up very well as it embarks on a bold 3 year plan which will see Talent continue to develop its business in the US, roll out its foundation Talent Rise, invest further in innovation, and continue diversification and expansion of its service offerings.