Korn Ferry Completes Acquisition of Salo
01 Fevereiro 2023 - 11:00AM
Business Wire
Korn Ferry (NYSE: KFY) today announced that it has completed its
previously disclosed acquisition of Salo, LLC.
Salo is a leading provider of finance, accounting and HR interim
talent, with a strong focus on serving clients in healthcare, among
other industries. The company’s substantial interim professional
solutions and contract staffing expertise will enhance Korn Ferry’s
industry-leading organizational consulting portfolio.
Terms of the deal were not disclosed. The acquisition is
expected to be immediately accretive to Korn Ferry’s adjusted
earnings.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work
with our clients to design optimal organization structures, roles,
and responsibilities. We help them hire the right people and advise
them on how to reward and motivate their workforce while developing
professionals as they navigate and advance their careers.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as “will,”
“may,” “expect,” “anticipate,” “believe,” “estimate,” “plan,”
“outlook,” and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include, but
are not limited to, statements relating to the timing of the
consummation of the transaction, the expected benefits of the
transaction, including future financial and operating results,
market share, expected synergies, and the Company’s plans,
objectives, expectations, and intentions. Such statements are based
on Korn Ferry’s current expectations and are subject to numerous
risks and uncertainties, many of which are outside of the control
of Korn Ferry. Readers are cautioned not to place undue reliance on
such statements.
A number of factors could cause actual results or outcomes to
differ materially from those indicated by such forward-looking
statements. These factors include, but are not limited to: the
occurrence of any event, change, or other circumstances that could
give rise to the termination of the acquisition agreement; the
inability to timely complete or complete at all the transaction
because of the failure to satisfy conditions to closing set forth
in the acquisition agreement; the risk that the transaction
disrupts current plans and operations of Korn Ferry and/or of Salo
as a result of the announcement, pendency or consummation of the
transaction; the ability to successfully integrate the operations
and employees of Salo into Korn Ferry; the ability to recognize the
anticipated benefits of the transaction, which may be affected by,
among other things, competition, the ability of Korn Ferry to grow
and manage growth profitably, maintain relationships with customers
and suppliers, and retain key employees; costs related to the
transaction; the outcome of any legal proceedings that may be
instituted against Korn Ferry or Salo or their respective
affiliates following announcement of the transaction; changes in
applicable laws or regulations; the possibility that Korn Ferry or
Salo or their respective subsidiaries and affiliates may be
adversely affected by other economic, business, and/or competitive
factors; and other risks and uncertainties indicated from time to
time in filings with the SEC by Korn Ferry.
Korn Ferry disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230201005079/en/
MEDIA CONTACT Dan Gugler 310 552 1834
dan.gugler@kornferry.com
INVESTOR CONTACT Gregg Kvochak 310 552 1834
gregg.kvochak@kornferry.com
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