ADECCO GROUP ADVANCES DIGITAL CAPABILITIES THROUGH ACQUISITION OF QAPA

September 07, 2021
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ADECCO GROUP ADVANCES DIGITAL CAPABILITIES THROUGH ACQUISITION OF QAPA

Significant revenue improvement and strong margin performance.

Highlights:

  • Adecco Group to acquire QAPA, a specialist in fully digital workforce solutions in France
  • Initial consideration of EUR 65 million
  • Accelerates delivery of a distinct, wholly digital workforce solution to Adecco GBU (“Adecco”) customers, complementing Adecco’s existing omnichannel and value-added services strategy
  • Enhances Adecco Group’s technical expertise, particularly in sourcing and matching, supporting the Group’s digitalisation
  • QAPA will benefit from leveraging Adecco Group’s ecosystem including its substantial customer network and candidates database
  • EVA positive in 2023, supported by delivery of revenue synergies
  • Transaction to close end Q3 2021

Alain Dehaze, CEO of Adecco Group, commented: “The Group remains highly committed to delivering its Future@Work strategy, including active portfolio management where it creates most stakeholder value. We see the acquisition of QAPA as an important step in broadening our customer offering with a state-of-the-art 100% online solution focused on flexible placement. The acquisition of QAPA will allow us to provide one of the core delivery channels of the future to our customers today, while scaling QAPA’s technical expertise across Adecco to accelerate the development and improvement of existing digital platforms. We look forward to welcoming the QAPA team.”