Hudson Global Announces Sale of Hudson Americas IT Staffing Business
Hudson Global, Inc., a global talent solutions company, announced that it has completed the previously announced sale of its Americas IT staffing business to Mastech, Inc.
The terms of the agreement include a $17 million cash purchase price paid at closing and approximately $3 million of working capital of the Americas IT staffing business retained by Hudson.
The sale is consistent with Hudson’s strategy to focus on its core businesses to accelerate growth, drive towards sustained profitability and increase the value of the company for its stockholders.
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