AHL Services, Inc. Expands Position in Germany
5 July 2000
AHL Services, Inc. Expands Position in Germany
ATLANTA, July 5 AHL Services, Inc., a
leading provider of outsourced business services in the United States and
Europe, today announced that it has acquired two additional outsourced
staffing companies in Germany, building its position as one of Germany's
leading staffing companies.
Gesellschaft Fuer Zeitarbeit mbH - Heilbron and Gesellschaft Fuer
Zeitarbeit bmH - Eisenach ("GFZ"), headquartered in Southern Germany, provides
skilled and semi-skilled workers to auto parts manufacturers. Its 1999
revenues were approximately $11 million. HPD Harzer Personaldienst GmbH and
APS Personalservice GmbH, ("HPD") is based in Wernigerode, Eastern Germany and
had 1999 revenues of approximately $10 million.
Ed Mellett, Vice Chairman and Co-Chief Executive Officer of AHL, said,
"The acquisition of GFZ and HPD enhance our position as a major competitor in
our specialized segment of the German staffing market and improve our
operational density. The attractive growth rates and superior margins for
staffing within Germany are driving solid internal growth within AHL's
European staffing segment. The recent establishment of a centralized
administrative center in Munich will facilitate our ability to integrate these
new acquisitions with our existing operations. GFZ fits well with our
existing German automotive services business and HPD will enhance our
operations in Eastern Germany. We are continuing to build a valuable business
position in Germany, according to our previously announced strategy to
establish leading positions in attractive market segments."
AHL SERVICES, INC.
AHL Services, Inc., headquartered in Atlanta, GA, is a leading multi-
national business services provider. AHL currently provides services to the
e-commerce market through its e-fulfillment.com business unit. The Company
also provides traditional fulfillment, customer service and in-store services
through its Gage Marketing Services Division. Its Outsourced Services
Division provides Aviation Services, Facility Services and Operational
Services. For additional information about AHL Services and
e-fulfillment.com, visit our Web pages at http://www.ahls.com and
http://www.e-fulfillment.com .
Except for historical information, all the statements, expectations and
assumptions contained in the foregoing are forward-looking statements that
involve a number of risks and uncertainties that could cause actual results to
differ materially from those projected. Such risks and uncertainties include,
among others, conditions affecting our reliance on major clients; our ability
to manage a growing business; pricing actions taken by competitors; the
availability of labor; regulatory compliance; integration and performance of
acquisitions; conditions affecting our international operations; the impact of
competition; general economic conditions; changes in foreign currency and
interest rates; and other laws which impact the way in which the Company
conducts its business. Management believes that these forward-looking
statements are reasonable; however, you should not place undue reliance on
such statements. These statements are based on current expectations and speak
only as of the date of such statements. The Company undertakes no obligation
to publicly update or revise any forward-looking statement, whether as a
result of future events, new information or otherwise. Additional information
concerning the risks and uncertainties listed above, and other factors that
you may wish to consider, is contained in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K. Copies of these filings are available from the Company free of
charge.