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M&A Deal Summary

The Adecco Group Acquires Penna Consulting

On March 9, 2016, The Adecco Group acquired staffing company Penna Consulting for 105M GBP

Acquisition Highlights
  • This is The Adecco Group’s 10th transaction in the Staffing sector.
  • This is The Adecco Group’s 4th largest (disclosed) transaction.
  • This is The Adecco Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-03-09
Target Penna Consulting
Sector Staffing
Buyer(s) The Adecco Group
Deal Type Add-on Acquisition
Deal Value 105M GBP

Target

Penna Consulting

London, United Kingdom
Penna Consulting plc are a global people management business with an exceptional track record in the HR Services industry. Company experience and expertise spans three areas of organisational life where people have the power to make a big difference- Recruiting the right talent, developing people to fulfil their potential and managing career transitions when staff move on.

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Buyer(S) 1

Buyer

The Adecco Group

Zurich, Switzerland
Category Company
Founded 1957
Sector Staffing
Employees35,089
Revenue 23.1B EUR (2024)
DESCRIPTION
Entrance to Adecco office in Stockholm, Sweden.
Entrance to Adecco office in Stockholm, Sweden.

The Adecco Group is an HR solutions provider that offers a wide variety of services, connecting more than 650,000 associates with clients daily. The Adecco Group was founded in 1957 and is headquartered in Zurich, Switzerland.

DEAL STATS #
Overall 12 of 15
Sector: Staffing M&A 10 of 10
Type: Add-on Acquisition M&A Deals 11 of 13
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Knightsbridge Human Capital Solutions

Toronto, Ontario, Canada

Knightsbridge is Canada’s major human capital solutions firm. They bring together their expertise of Talent & Leadership Development, Career Management & Transition, and Executive Search & Recruitment to help clients navigate and improve performance.

Buy CA$80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 OnForce

Lexington, Massachusetts, United States

OnForce, is a SaaS technology-enabled workforce solutions, empowers companies of all sizes in all industries to gain a competitive edge in how work gets done. Its business model allows customers to rapidly grow their businesses, lower service costs, extend skill-sets, and generate new streams of revenue.

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