Gi- Group, Italy’s one of the leading HR companies, who acquired earlier this year 52% equity in local recruiter Barnett McCall Recruitment (BMR) has set a daring objective: 20-30 branches in Romania in the coming years. For the time being, BMR’s chain covers four branches spread across the country, in Bucharest, Timisoara, Cluj and Oradea.

“Gi Group’s strategy in Romania provides a rapid expansion nationwide on a medium term, as we plan to capture the local workforce market’s potential”, Stefano Colli-Lanzi, CEO of Gi Group told Wall-Street. In a first stage, the first locations of Gi Group expansion map are Brasov, Targu-Mures and Bacau, as well as the capital of Moldova, Chisinau.

The Italians decided to invest in the local market, due to its statute of emerging market and to the opportunity of finding a strategic partner to cleave to the group’s expectations.

“Apart from these factors, we chose Romania because we expect the labor market to recover soon so we can provide our services to companies seeking for professionals. The multiple business connections between Romania and Italy as well as the country’s demography have had their weight in our decision to make move into the market. A country with over 20 million inhabitants could not be missed,” said Colli-Lanzi.

Gi Group, with annual turnover of 800 million euros globally, preferred to make its move in Romania by acquiring BMR in order to benefit of Charlie and Samantha Crocker’s know-how.

“In general, our global expansion policy is based on majority equity acquisitions rather than starting projects from scratch. We aim at buying the remaining 48% stake in Barnett McCall within the coming 4-5 years, the bid offer following to be drawn based on the company’s performance until then”, said the CEO of Gi Group.

The calculation methodology used for the purchase bid for BMR was ba