RGP Sells Assets of Local Nordics Business to Capacent

Resources Connection, Inc. (NASDAQ: RECN), a multinational business consulting firm operating as Resources Global Professionals (‘RGP’), announced today that its wholly-owned subsidiary, Resources Global Professionals Sweden AB (‘RGP Sweden’) has signed a definitive agreement with Capacent Holding AB (publ), a Swedish public company (‘Capacent’). RGP Sweden will transfer substantially all of its employees, assets, liabilities, contracts and local client relationships in Sweden, Norway, Iceland and Denmark (‘the Nordics’) to Capacent in a cash transaction expected to close in September 2019. RGP will continue to serve its strategic global clients doing business in the Nordics.

Tim Brackney, COO of RGP, said, “We are pleased to transfer our local Nordic operations to Capacent, a well-regarded player in the Nordic market; and we are confident they will continue to provide value to our former clients and create opportunity for our former employees. RGP will continue to service the needs of our strategic global clients in the Nordics. Furthermore, we are committed to developing a mutually beneficial collaboration agreement with Capacent.”

Edvard Björkenheim, CEO of Capacent, said: “The two companies’ operations are similar, and we see great synergies in several of our business areas. This is an important acquisition for our Swedish operations.”