Human resource services firm Manpower Inc. has acquired 100% stake in its Indian subsidiary - Manpower Services India Pvt. Ltd from ABC Consultants for an undisclosed amount.

With this acquisition, Manpower Inc. has bought back the 26% stake, making Manpower India a fully owned subsidiary of Manpower Inc.

According to market experts, the latest buyout will provide an accelerated boost to Manpower’s aggressive growth plan and strengthen its position in providing comprehensive and customized suite of global recruiting and staffing solutions to the Indian market.

Manpower India is the market leader in the IT, IT Enabled Services (ITeS), Telecom and Retail Financial Services verticals in India. Presently, the firm has 25 offices in 16 cities across the country, employing over 500 consultants and is the recruitment partner for over 400 top companies.