Acquires Complete Control: Adecco Group Buys Out AKKA Technologies
In a significant move, the Adecco Group, the world's leading talent advisory and solutions company, has completed the full acquisition of AKKA Technologies. This acquisition follows a successful squeeze-out bid, resulting in AKKA Technologies' shares being delisted and absorbed.
The squeeze-out bid, initiated by the Adecco Group, saw a total of 7,415,511 AKKA Technologies shares and 950 convertible bonds tendered. The remaining securities not tendered will be transferred to the group's wholly owned subsidiary, Modis.
The scheduled payment date for the compensation related to the squeeze-out bid is set for July 17, 2025. This payment will be made to the tendered shareholders. The acquiring company for the squeeze-out is, of course, the Adecco Group.
Modis will acquire all shares and convertible bonds in AKKA Technologies after the squeeze-out. The delisting of AKKA Technologies shares from the stock exchange is part of this squeeze-out procedure.
The Adecco Group operates in around 60 countries and leads by example, creating shared value that fuels economies and builds better societies. The group believes in making the future work for everyone and enables more than 3.5 million careers. Its culture of inclusivity, entrepreneurship, and teamwork empowers its 38,000 employees.
The group is headquartered in Zurich, Switzerland, and is listed on the SIX Swiss Exchange (ADEN). For further information, please contact the Press Office at media@our website or by phone at 41 (0)44 878 87 87, or the Investor Relations team at investor.relations@our website or by phone at 41 (0)44 878 88 88.
The acceptance period for the squeeze-out bid for AKKA Technologies was from 21 April 2022 to 11 May 2022, with the payment for the squeeze-out scheduled for 13 May 2022. This action finalizes Adecco Group's consolidation of AKKA Technologies.
The Adecco Group's acquisition of AKKA Technologies indicators a potential shift in the future of work, especially in the technology sector, as Modis, the group's wholly owned subsidiary, will acquire all shares and convertible bonds. By July 17, 2025, tendered shareholders will receive their compensation. This business move signals Adecco's continued commitment to finance and shaping the business landscape, aiming to create a future that works for everyone.
