Adecco Group - M&A Summary and Business Overview

StaffingCompany

Adecco Group M&A Summary

Adecco Group has acquired 15 companies, including 1 in the last 5 years. It has also divested 5 assets.

Adecco Group’s largest acquisition to date was in 1999, when it acquired Olsten for $1.5B. It’s largest disclosed sale occurred in 2004, when it sold Jobpilot to Monster Worldwide for $99M. Adecco Group has acquired in 3 different US states, and 10 countries. The Company’s most targeted sectors include staffing (67%) and internet software and services (14%).

Adecco Group Business Overview

Where is Adecco Group headquartered?

Adecco Group is headquartered in Zurich, Switzerland.

What is Adecco Group’s revenue?

Adecco Group disclosed revenue of 19,561M EUR for 2020 and 23,427M EUR for 2019.

How many employees does Adecco Group have?

Adecco Group has 34,574 employees.

What sector is Adecco Group in?

Adecco Group is a staffing company.

When was Adecco Group founded?

Adecco Group was founded in 1957.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity15
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Adecco Group

Adecco Group AG

Bellerivestrasse 30,
Zurich, 8008
Switzerland,
+41 44 878 88 88
www.adeccogroup.com

The Adecco Group is a provider of HR solutions. With over 31,500 FTE employees and more than 5,000 branches, in over 60 countries and territories around the world, we offer a wide variety of services, connecting more than 650,000 associates with our clients every day. Adecco Group was incorporated in 1957 and is headquartered in Zurich, Switzerland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 14 - - 1 - - 15
vol $4.1B $4.1B
Sell (0.4/yr) # 3 1 1 - - - 5
vol $99M $99M
  20

Most Recent M&A

Company Date Value Type
AKKA Technologies SE 2022-02-24 - Stake Purchase
Brussels, Belgium · www.akka-technologies.com
Adecco Group - Legal Consulting & eDiscovery Business (D4 & EQ) 2021-09-14 - Divestiture
Zurich, Switzerland
Vendorpass 2020-11-18 - Divestiture
Jacksonville, Florida · www.vendorpass.com
Soliant Health, Inc. 2019-11-05 - Divestiture
Peachtree Corners, Georgia · www.soliant.com
General Assembly Space, Inc. 2018-04-16 413M USD Add-on Acquisition
New York, New York · www.generalassemb.ly
Vettery, Inc. 2018-02-20 - Add-on Acquisition
New York, New York · www.vettery.com
OnForce, Inc. 2017-08-10 - Divestiture
Lexington, Massachusetts · www.onforce.com
Penna Consulting plc 2016-03-09 162M GBP Add-on Acquisition
London, United Kingdom · www.penna.com
Knightsbridge Human Capital Solutions 2015-03-11 61M CAD Add-on Acquisition
Toronto, Ontario · www.lhhknightsbridge.com
OnForce, Inc. 2014-08-11 - Add-on Acquisition
Lexington, Massachusetts · www.onforce.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Lee Hecht Harrison LLC    - Drake Beam Morin, Inc. 2011-09-01 2
Maitland, Florida · www.lhh.com New York, New York · www.dbm.com
Adecco USA, Inc.    - TUJA Zeitarbeit GmbH 2007-06-18 1
Melville, New York · www.adeccousa.com Dusseldorf, Germany · www.tuja.de

M&A by Sector

Sector Buy # Value Sell # Value
Staffing 10 (67%) 3.6B (88%) 2 (40%) -
Internet Software and Services 2 (13%) 79M (2%) 1 (20%) 99M (100%)
Business Services 1 (7%) - 1 (20%) -
Software 1 (7%) - 1 (20%) -
Education 1 (7%) 413M (10%) - -
Total 15 $4.1B 5 $99M

By Geo

State/Country Buy Value Sell Value
United States 6 3.6B 3 -
  New York 3 1.9B - -
  Massachusetts 2 388M 1 -
  Florida 1 1.3B 1 -
  Georgia - - 1 -
Germany 1 79M 1 99M
Belgium 1 - - -
Canada 1 61M - -
  Ontario 1 61M - -
France 1 - - -
India 1 - - -
Japan 1 101M - -
Netherlands 1 63M - -
Spain 1 74M - -
Switzerland - - 1 -
United Kingdom 1 162M - -
Domestic - - 1 (20%) -
Cross-border 15 (100%) 4.1B (100%) 4 (80%) 99M (100%)
Total 15 $4.1B 5 $99M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Goldman Sachs
1
Legal Deals
Smith, Gambrell & Russell
1

Deal Values

buy # Total
> $1B 2 $2.8B
$100M to $1B 4 $1.1B
< $100M 4 $277M
TOTAL $4.1B
Largest Olsten Corporation
$1.5B (1999-08-19)
sell # Total
< $100M 1 $99M
TOTAL $99M
Largest Jobpilot GmbH
$99M (2004-04-23)

M&A Connections

Deals
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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