Competentia acquires Dare to strengthen its presence in APAC
Category: #business  By Pranali Mehta  Date: 2020-10-13
  • share
  • Twitter
  • Facebook
  • LinkedIn
Competentia acquires Dare to strengthen its presence in APAC

Competentia, a Norway-based workforce management and recruiting company, has recently announced that it has signed an acquisition deal with Dare, a contract/staffing agency with over 30 years of experience in recruiting. Reportedly, this acquisition will help Competentia to expand its footprint across the Asia Pacific region, allowing it to add global office locations in Singapore.

According to reliable sources, Dare's clientele includes blue chip firms from the mining, oil & gas, renewables, manufacturing, and infrastructure industries. The organization has built a rich history by providing skilled professionals for both international and domestic projects while maintaining an annual revenue of almost 270 MNOK. (US $28m).

The acquisition will strengthen Competentia's long-held presence in Australia and bring new opportunities in Singapore as it adds the country to its list of global office locations. The move develops new opportunities to expand the company’s market share in one of the busiest regions across the world for project staffing in the construction, engineering, technology and manufacturing sectors.

Speaking on the move, Jayden Wallis, Chief Executive Officer, Competentia, said that this comes as an exciting time for people involved with their firm. They see this acquisition as a possibility to deepen its roots in the APAC.

The firm predicts that it would witness noteworthy growth in the job market as it emerges out of the COVID-19 pandemic and hopes to be well-prepared for its clients that are looking for new opportunities in the post COVID-19 era.

Meanwhile, Competentia wants to gain recognition as the go-to workforce solution provider for clients and contractors, and this acquisition would allow them to reach this goal. With increased capability and scale, Competentia will be able to leave a lasting mark on the APAC market. Additionally, the company is also bringing some of the capable and talented people in its team, added Wallis.

Source Credit: https://www.prnewswire.com/news-releases/competentia-announces-acquisition-of-dare-significantly-expanding-footprint-in-the-asia-pacific-region-301149820.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Indian fintech startup Clear secures USD 75 million in Series C funding
Indian fintech startup Clear secures USD 75 million in Series C funding
By Pranali Mehta

Clear (earlier known as ClearTax) has reportedly secured USD 75 million in a Series C funding round, which was led by Kora Capital. The latest funding round also saw participation from global fintech giant Stripe, Think Investments, Alua Capital, and...

CredAble bags USD 30 Mn Series B funding to expand product portfolio
CredAble bags USD 30 Mn Series B funding to expand product portfolio
By Pranali Mehta

Financing company CredAble recently raised USD 30 million in Series B funding to further develop its platform for providing working capital solutions especially for small businesses and developing innovative debt capital products for corporates and f...

FourKites launches new AI-based Dynamic ETA® for Ocean Shipping
FourKites launches new AI-based Dynamic ETA® for Ocean Shipping
By Pranali Mehta

FourKites, one of the world's leading real-time supply chain prominence platforms, has introduced an innovative industry-first AI-powered Dynamic ETA® for Ocean, as part of its Dynamic OceanSM contribution. As per sources, the new addition o...