Cielo Acquires AsiaNet China – RPO Providers' China Streak Continues
17 Mar 2020
by
Arkadev Basak, Krishna Charan
On March 6, 2020, global Recruitment Process Outsourcing (RPO) services provider Cielo acquired Shanghai-based AsiaNet China, a provider of RPO, executive search, recruitment, and human resources outsourcing services. The acquisition follows the increasing interest of global RPO providers in China, the world’s largest economy. While, previously, global RPO providers focused on multi-country RPO deals covering the market through partnerships, they are now exclusively establishing their presence in China to capture the China-only opportunity.
This paper examines the potential impact of this acquisition on Cielo and implications for the broader RPO market. We also provide detailed insights into the acquisition and analyze the synergies that Cielo will benefit from following the integration of AsiaNet China with its business.
Scope
Industry: RPO
Theme: M&A
Geography: China
Contents
In this report, we share details of Cielo’s acquisition of AsiaNet China, the key drivers and implications for Cielo and the broader RPO market, and what to watch out for in the future.
