Add-on Acquisition • Staffing

Magnit Acquires Brainnet Group

On February 11, 2021, Magnit acquired staffing company Brainnet Group

Acquisition Context
  • This is Magnit’s 2nd transaction in the Staffing sector.
  • This is Magnit’s 1st transaction in the Netherlands.

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M&A Deal Summary

Date February 11, 2021
Target Brainnet Group
Sector Staffing
Buyer(s) Magnit
Deal Type Add-on Acquisition

Target Company

Brainnet Group

Nieuwegein, Netherlands
Brainnet Group is a vendor-neutral Managed Services Provider (MSP) providing companies with significant cost savings, process optimization, and high-quality talent across their contingent workforce management programs. Brainnet Group was founded in 1996 and is based in Nieuwegein, Netherlands.
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Buyer Overview 1

Buyer

Magnit

Folsom, California, United States

Category Company
Founded 1991
Sector Internet Software and Services
Employees600
DESCRIPTION

Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.


Deal Context for Buyer #
Overall 2 of 5
Sector: Staffing 2 of 3
Type: Add-on Acquisition 2 of 4
Country: Netherlands 1 of 1
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-17 COMFORCE

Duluth, Georgia, United States

COMFORCE is a provider of contingent staffing, information technology consulting and human resource outsourcing solutions to Fortune 1000 and emerging growth companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Workforce Logiq

Orlando, Florida, United States

Workforce Logiq is a global provider of software and services to large corporations in the fast-growing, global workforce management space. Workforce Logiq was formed in 1999 and is based in Orlando, Florida.

Buy -