Who Owns Openjobmetis Company?

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Who Really Owns Openjobmetis?

Understanding a company's ownership is fundamental to grasping its potential and future strategies. Openjobmetis S.p.A., a prominent Italian staffing agency, has recently undergone significant shifts in its ownership landscape. These changes are crucial for investors and stakeholders alike. Dive in to discover the key players and the implications of these developments.

This Openjobmetis SWOT Analysis can help you understand the company's strengths and weaknesses. From its humble beginnings to its current status as a publicly listed company, Openjobmetis's ownership structure has evolved, impacting its strategic direction and market position. This analysis will explore the current Openjobmetis owner and the influence of major shareholders, including the recent acquisition by Groupe Crit, to provide a comprehensive view of the company. Learn about Openjobmetis ownership and the factors that shape its future, including its Openjobmetis company profile and Openjobmetis management.

The story of Openjobmetis begins with a significant merger. In 2011, Openjob S.p.A. and Metis S.p.A. joined forces, creating Openjobmetis S.p.A. This merger was a pivotal moment, bringing together the strengths of the two companies and setting the stage for future growth. Understanding the founders and early ownership is key to understanding the company's trajectory.

The founders of Openjobmetis played critical roles in shaping the company. Marco Vittorelli, who founded Metis S.p.A. in 2000, became the Chairman of Openjobmetis. Rosario Rasizza, instrumental in launching Openjob S.p.A. in 2001, serves as the Managing Director. Biagio La Porta, with a long history in the employment agency sector, holds the position of Vice President. These individuals, along with their early influence, were fundamental to the company's formation.

While the exact initial ownership percentages of the founders are not publicly detailed, their ongoing leadership positions indicate significant early influence. The merger itself suggests a consolidation of ownership from the predecessor companies. The company's early acquisitions, such as Seltis S.r.l. and Corium S.r.l., further demonstrate its strategic expansion. This expansion is part of the Growth Strategy of Openjobmetis.

Marco Vittorelli

Founded Metis S.p.A. in 2000.

Served as Chairman of Metis S.p.A. from 2000 to 2012.

Became Chairman of Openjobmetis S.p.A. in 2011, a position he still holds as of April 2024.

Rosario Rasizza

Began career in the employment agency sector in 1997.

Launched Openjob S.p.A. in 2001.

Served as Managing Director of Openjobmetis since 2011.

Biagio La Porta

Began professional career in 1971.

Entered the employment agency world with Openjob S.p.A. in 2001.

Holds the position of Vice President of Openjobmetis since November 2020.

Early Acquisitions

Openjobmetis acquired control of Seltis S.r.l. at the time of its formation.

In January 2012, Openjobmetis acquired Corium S.r.l.

Ownership Structure

The merger of Openjob S.p.A. and Metis S.p.A. implied a consolidation of ownership.

Specific initial equity splits are not publicly detailed.

Openjobmetis Today

The company continues to operate in the staffing and recruitment sector.

It is listed on the Italian Stock Exchange.

Key Takeaways

Understanding the founders and their roles provides insight into the company's origins and strategy.

• Marco Vittorelli and Rosario Rasizza were instrumental in the company's formation.
• The merger of Openjob and Metis was a key event.
• The company's early acquisitions show a focus on expanding its services.
• The current leadership team continues to guide the company.
• Openjobmetis is a publicly traded company in Italy.

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The ownership structure of Openjobmetis has seen a significant transformation, primarily driven by the acquisition efforts of Groupe Crit S.A. The company, which became public on December 3, 2015, initially priced its shares at €6.60. However, by July 8, 2024, the share price had risen to €16.45. This evolution reflects changing market dynamics and strategic decisions impacting the company's ownership and future direction. The initial public offering (IPO) raised €37.95 million.

A major shift occurred with Groupe Crit S.A., a French staffing firm, aiming to secure a majority stake. This began with a memorandum of understanding in December 2023, followed by the purchase of shares from key shareholders at €16.5 per share. This strategic move positioned Groupe Crit to become the dominant shareholder, leading to further acquisitions and eventually, the delisting of Openjobmetis shares. This is a critical aspect when considering the Target Market of Openjobmetis.

As of July 11, 2024, the ownership landscape shows Plavisgas S.r.l., indirectly owned by Groupe Crit S.A., holding 60.62% of the shareholding and voting rights. CRIT S.A.S. holds 31.43%. Treasury shares account for 7.95%. By July 5, 2024, Groupe Crit, through direct and indirect holdings, was set to control 98.90% of Openjobmetis's shares, paving the way for delisting. In June 3, 2024 CRIT, directly and through Plavisgas, held 8,767,183 shares of Openjobmetis, corresponding to 65.58% of the share capital and voting rights.

Openjobmetis Ownership Dynamics

Groupe Crit S.A. has significantly increased its stake in Openjobmetis through strategic acquisitions.

• Groupe Crit S.A. secured a majority stake through a series of acquisitions.
• The delisting of Openjobmetis shares is expected.
• The acquisition includes shares held by Omniafin S.p.A., M.T.I. Investimenti S.r.l., and Plavisgas S.r.l.
• The purchase price per share was set at €16.5.

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As of April 29, 2024, the new Board of Directors for Openjobmetis S.p.A. was appointed, covering the years 2024-2026. Marco Vittorelli remains the Chairman of the Board, a position he has held since the 2011 merger, and previously founded Metis S.p.A. in 2000. Biagio La Porta continues as Vice President, a role he has held since November 2020. Rosario Rasizza serves as the Managing Director.

The current management structure is expected to ensure continuity following recent ownership changes. The existing leadership team, including the Chairman, Vice Chairman, and Chief Financial Officer, is anticipated to remain in their positions. This stability is designed to facilitate a smooth transition and maintain operational efficiency, especially in light of the acquisition activities by Groupe Crit.

The voting structure of Openjobmetis utilizes increased voting rights, as outlined in its Articles of Association, in compliance with Italian law. This mechanism allows certain shareholders to have more voting power per share under specific conditions. As of July 11, 2024, the total number of voting rights is 13,369,200. Plavisgas S.r.l., indirectly 100% owned by Groupe Crit S.A., holds 60.62% of the voting rights. CRIT S.A.S. holds an additional 31.43% of the voting rights. This significant concentration of voting power with Groupe Crit, through its direct and indirect holdings, gives it substantial control over the company's decision-making, which is worth considering when analyzing the Competitors Landscape of Openjobmetis.

Ownership Concentration

Groupe Crit's acquisition activities have led to near-total ownership of Openjobmetis. This shift significantly reduces the influence of public shareholders.

• Groupe Crit controls over 90% of the voting rights.
• The delisting of Openjobmetis is anticipated.
• This concentration diminishes the potential for proxy battles.

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Over the past few years, significant shifts have occurred in the ownership of Openjobmetis. The most notable development is the acquisition by Groupe Crit S.A., a French staffing firm. This process began in late 2023 and culminated in Groupe Crit increasing its stake to 98.90% by July 5, 2024, leading to the delisting of the company from Euronext Milan. This acquisition signifies a major change in the Openjobmetis ownership structure.

The acquisition price for the shares was set at €16.5 per share. Simultaneously, Openjobmetis finalized the acquisition of Just On Business S.p.A. and its subsidiary Deine Group S.r.l. on January 15, 2024, for €29.7 million. These strategic moves reflect the evolving Openjobmetis ownership and its expansion strategies within the Italian contract work market. For more insights, you can explore a Brief History of Openjobmetis.

The acquisition by Groupe Crit aligns with the industry trend toward consolidation, positioning Openjobmetis for international growth. In 2023, Openjobmetis reported revenues of €748.8 million, slightly down from €768.4 million in 2022. Subsidiaries like Family Care S.r.l. and Seltis Hub showed revenue increases of 16% and 14%, respectively. This shift in Openjobmetis ownership is expected to bring new challenges and goals, as stated by Managing Director Rosario Rasizza.

Openjobmetis Owner

Groupe Crit S.A. is the primary owner, holding nearly all shares after the acquisition.

Openjobmetis Ownership Structure

The ownership structure shifted significantly with Groupe Crit's increased stake, leading to delisting.

Openjobmetis Italy

The company's operations are primarily focused in Italy, with acquisitions aimed at strengthening its position there.

Openjobmetis Company Profile

Openjobmetis is a staffing firm that has undergone significant ownership changes and strategic acquisitions.

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