EOG Resources completes $5.6 billion acquisition of Encino Acquisition Partners
OLD GREENWICH, Conn. - Hudson Global, Inc. (Nasdaq:HSON), currently trading at $8.92 and maintaining a strong balance sheet with more cash than debt, announced Wednesday it has acquired Alpha Consulting Group (ACG), a Tokyo-based recruitment services provider, marking the company’s entry into the Japanese market. According to InvestingPro data, the company appears undervalued based on its Fair Value analysis.
The acquisition gives Hudson RPO access to Japan, which represents the second-largest market in Asia-Pacific and the third-largest globally. ACG primarily serves clients in the IT Services, Technology, and Business Services sectors, ranging from small businesses to multinational corporations. This strategic move comes as Hudson Global’s stock has experienced a significant decline, down nearly 51% over the past year.
Jake Zabkowicz, Global CEO of Hudson RPO, said the acquisition aligns with the company’s strategy of expanding its client base, geographic footprint, and service capabilities. "It gives Hudson RPO immediate access to ACG’s impressive list of current clients in Japan," Zabkowicz stated.
Jeff Eberwein, CEO of Hudson Global, noted the acquisition enables the company to provide local support within the Japanese recruiting market and represents "an important milestone" as it fills "the last remaining geographic area required to make Hudson RPO a truly global service provider."
The company did not disclose financial terms of the transaction.
Hudson RPO describes itself as a provider of flexible and scalable total talent solutions, partnering with talent acquisition, HR, and procurement leaders globally.
This article is based on a press release statement from Hudson Global, Inc.
In other recent news, Hudson Global Inc. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.46, significantly higher than the projected $0.21. Despite this strong earnings performance, the company’s revenue did not meet forecasts, totaling $31.9 million compared to the anticipated $37.55 million. Additionally, Star Equity Holdings and Hudson Global have announced a definitive merger agreement. This merger will involve Star Equity merging with a wholly-owned subsidiary of Hudson, resulting in a new entity known as NewCo. The merger has received approval from both companies’ Boards of Directors and their respective independent special committees. However, it remains subject to regulatory clearances and shareholder approval from both Hudson and Star. Shareholder meetings are planned later this year to vote on the merger, with both Boards recommending a favorable vote.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.