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Adecco buys life sciences staffing company Biobridges

Reuters - UK Focus

ZURICH, Sept 14 (Reuters) - Adecco (Swiss: ADEN.VX - news) said on Thursday it was buying U.S.-life-sciences career manager Biobridges to expand its higher-margin professional staffing business.

Biobridges, whose revenues are expected to be about $35 million in 2017, helps workers find jobs in the pharmaceutical, biotechnology and medical device industries. Zurich-based Adecco did not give financial terms of the transaction.

"BioBridges is deep-rooted in the life sciences space," said David Alexander, president of the Adecco Group (IOB: 0QNM.IL - news) 's North America Finance, Office and Healthcare (Shanghai: 603313.SS - news) businesses. "Together we will offer highly specialized workforce solutions to an industry that truly has the potential to change the world." (Reporting by John Miller, editing by John Revill)