Alp Consulting Ltd, a search and staffing firm, has announced a partnership with Japan’s Outsourcing Inc. The Japanese partner will have a majority stake in the organisation and brings in an investment of about $5 million (₹30 crore). Through this acquisition, Bangalore-based Alp Consulting will become a part of the Japanese publicly listed staffing firm and will provide a platform for Outsourcing Inc to engage with the Indian market, the statement said.
The Japanese firm is looking at expansion through leveraging synergies of manufacturing and IT engineering outsourcing services provided by the Alp Group and extending those services and providing them to Japanese companies. The M&A may also facilitate staff placement in other countries such as Australia, Singapore and Japan, it added.
Haruhiko Doi, Chairman and CEO, Outsourcing Inc, said, “With a growing interest among Japanese companies to foray in the Indian market, we are happy about our first acquisition in India. We look forward to growing at a fast clip.” The company has 17 domestic group companies and 19 overseas companies under its umbrella.