---
schema_version: "secwatch.filing_event.v1"
accession: "0000055135-23-000023"
form_type: "8-K"
ticker: "KELYA"
cik: "0000055135"
company_name: "KELLY SERVICES INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:16:21.693527+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kelly sells European staffing business to Gi Group for up to €130M (€100M cash + €30M earnout)

## Summary
- Cash proceeds of €100M at close plus earnout of up to €30M based on adjusted 2023 EBITDA; expected close in Q1 2024.
- Transaction enables focus on higher-margin global MSP, RPO, and FSP solutions and specialty staffing in North America.
- Kelly retains KellyOCG business in EMEA; will continue to serve customers with network of 3,000 suppliers across 140 countries.
- Dinette Koolhaas, SVP and president of Kelly International, will depart after close and transition period.
- Deal unlocks capital for organic/inorganic investments; targets normalized adjusted EBITDA margin of 3.3%-3.5%.

## SEC filing metadata
- accession: 0000055135-23-000023
- form_type: 8-K
- ticker: KELYA
- cik: 0000055135
- company_name: KELLY SERVICES INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55135/000005513523000023/0000055135-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55135/000005513523000023/kelya-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000055135-23-000023
- JSON: https://secwatch.observer/filing/0000055135-23-000023.json
- Plain text: https://secwatch.observer/filing/0000055135-23-000023.txt

## Key facts
- Executive change
  Dinette Koolhaas departed as Senior Vice President and President of Kelly International at KELLY SERVICES INC.
  - Action: departing
  - Role: Senior Vice President and President of Kelly International
  source text: Dinette Koolhaas, senior vice president and president of Kelly International, will end her more than 15-year tenure with Kelly and move on to new endeavors following the close of the transaction and after a transition period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000023/0000055135-23-000023-index.htm
- Material Agreements
  KELLY SERVICES INC entered into agreement for the sale and purchase of all outstanding share capital of Kelly Services Management SARL with Gi Group Holdings S.P.A. valued at €100 million (effective 2023-11-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Gi Group Holdings S.P.A.
  - Value: €100 million
  - Effective: 2023-11-02
  source text: On November 2, 2023, Kelly Services, Inc. (“Kelly”) and Gi Group Holdings S.P.A. (“Gi”) entered into an agreement for the sale and purchase of all outstanding share capital of Kelly Services Management SARL, which will result in the sale of Kelly’s European staffing business to Gi
  evidence_url: https://www.sec.gov/Archives/edgar/data/55135/000005513523000023/0000055135-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.