Recruitment firm Accedo declares triumphant outcome of takeover bid for Altedia in France
In 2005, Adecco, a global leader in human resources and staffing services, announced a successful tender offer for Altedia, a prominent French consulting firm specializing in reorganizations and human capital management. This strategic acquisition has further bolstered Adecco's position in France by expanding its consulting capabilities in HR advisory, particularly in areas related to organizational restructuring and managing workforce transitions.
Background:
Altedia was recognized as a major player in the French market for HR consulting, with expertise in supporting companies through complex reorganizations and managing human capital challenges. By acquiring Altedia, Adecco aimed to complement its existing staffing business with high-value consulting services, thereby broadening its service offerings to clients seeking strategic HR solutions during periods of change.
Implications:
The acquisition allowed Adecco to offer a more integrated approach combining staffing and HR consulting, making it a more comprehensive partner for corporate clients. It solidified Adecco’s presence in the French HR services market, positioning it as a leader not only in temporary staffing but also in strategic HR consulting. This move also laid the groundwork for further expansion of Adecco’s consulting activities, aligning with its later acquisitions of other consulting firms internationally, such as DBM in 2011 and VSN in 2012.
Raymond Soubie, president and founder of Altedia, commented that the partnership offers an opportunity to extend Altedia’s consulting services to other European countries.
Adecco Group, with its network of 30,000 employees and over 6,000 offices in 70 countries and territories, is a Fortune Global 500 company. It is registered in Switzerland and listed on the Swiss Stock Exchange, NYSE, and Euronext Paris.
The acquisition of Altedia represents a strategic effort by Adecco to diversify its business beyond traditional staffing and to capture the growing demand for expert guidance in workforce transformation and human capital management in France. However, it is important to note that factors such as global GDP trends, changes in regulation, intense competition, changes in the ability to attract and retain qualified personnel, and adverse developments in existing commercial relationships, disputes, or legal proceedings could affect the company's forward-looking statements, and actual results could differ materially from current expectations.
For more detailed information about the factors and risks associated with the business, please refer to the company's most recent Annual Report on Form 20-F and other reports filed with or submitted to the United States Securities and Exchange Commission. For inquiries regarding the acquisition, contact Adecco S.A. at [email protected], Tel. +41 (0) 44 878 8888, or the Corporate Press Office at [email protected], Axel J. Schafmeister, Tel. +41 (0) 44 878 8832. For France-specific inquiries, contact [email protected], Tristan d'Avezac de Moran, Tel. +33 1 56 88 99 00.
[1] Source: Adecco Annual Report 2005 and various news articles.
- The acquisition of Altedia in 2005 allowed Adecco to provide comprehensive business solutions, offering staffing services alongside expert guidance for workforce transformation and career transition, thereby catering to clients seeking strategic HR solutions within the changing industrial landscape, particularly in the finance and business sectors.
- Following the strategic acquisition of Altedia, Raymond Soubie, president and founder of Altedia, saw the opportunity to extend Altedia's consulting services beyond France, into other European regions, further solidifying Adecco's position as a global leader in staffing solutions and HR consulting for various industries.
