CDI to Acquire ScaleneWorks; Financial Terms Not Disclosed

CDI Corp. CDI announced today that it has entered into a definitive agreement to acquire ScaleneWorks People Solutions LLP, a privately held, emerging leader in talent acquisition solutions in India. Financial terms of the transaction were not disclosed. The closing is subject to certain conditions, including regulatory approval by Indian authorities. The acquisition is expected to be immediately accretive to adjusted earnings when completed, but not material to current year financial performance. Founded in 2010, ScaleneWorks provides enterprise and task recruitment and recruitment process outsourcing (RPO) solutions, as well as other talent analytics and advisory solutions, to multiple leading companies in India. This acquisition provides CDI with the capability to capitalize on the large and high-growth Indian market, deliver support for the offshore needs of existing CDI clients, and develop a cost-effective offshore delivery capability to serve those clients in CDI's home markets. "The acquisition of ScaleneWorks represents an important step in our plan to expand selectively our footprint to high growth markets and offer new and existing clients additional value-added services," said David Arkless, Executive Vice President and President of CDI International. "ScaleneWorks already has demonstrated its RPO and analytic-based recruitment capabilities with a number See full press release