Swiss human resource provider and staffing firm Adecco will buy French digital workforce solutions provider QAPA for an initial consideration of EUR65mn (USD77mn), the companies announced Tuesday. The deal is expected to get completed by the end of the third quarter of 2021.
Adecco said that the acquisition would allow it to deliver a “wholly digital workforce solution” to its customers and enhance its technical expertise, particularly in sourcing and matching.
QAPA plans to leverage Adecco’s large customer network and candidates database.
The Paris-based company grew revenue by nearly 90% year-on-year in 2020 and reported EUR45mn turnover in the 12 months to the end of June 2021
Alain Dehaze, chief executive of Adecco Group, commented: “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.”
Announcement: Adecco Buys Digital Workforce Provider QAPA for €65M