Adecco Group Steps Up Digital Functionality by Acquiring Qapa
The world's leading talent advisory and solutions company, headquartered in Zurich, Switzerland, has announced the acquisition of QAPA, a specialist in fully digital workforce solutions based in France. The acquisition, valued at an initial consideration of EUR 65 million, is consistent with the company's Future@Work strategy, aimed at elevating exposure to structural growth and toward high-value, technology-led services.
QAPA, a company known for its efficient candidate sourcing and matching, delivers an average of six qualified and available candidates per job offer and finds at least one qualified match within four hours in over 80 percent of instances. With a talent base of approximately 4.5 million workers and over 500 customers, including small and medium-sized enterprises to blue-chip clients, QAPA has demonstrated impressive growth, with revenues rising nearly 90 percent year-on-year in 2020 and expected to continue to grow vigorously.
The acquisition is expected to close at the end of Q3 2021 and includes an earn-out period through 2023, with an earn-out consideration paid in four tranches based on defined revenue and profitability levels. This strategic move is anticipated to contribute to the group's EBITA margin from 2022 and be EVA positive in 2023.
QAPA's innovative approach, which deploys the latest technologies like artificial intelligence and cloud architecture, aligns well with the group's commitment to digital transformation, skill development, innovation and technology, sustainability, and diversity. The group consistently ranks on the "World's Best Workplaces" by Great Place to Work®, reflecting its culture of inclusivity, entrepreneurship, and teamwork that empowers its 30,000 employees.
As a Fortune Global 500 company, the group enables more than 3.5 million careers in 57 countries and is listed on the SIX Swiss Exchange (ADEN). For further information, contact Investor Relations at [email protected] or 41 (0)44 878 88 88, or the Press Office at [email protected] or 41 (0) 44 878 87 87.
It is important to note that this release may contain forward-looking statements with risks and uncertainties. Factors that could affect the company's forward-looking statements include global GDP trends, the impact of Covid-19, changes in regulation of temporary work, intense competition, integration of acquired companies, changes in the ability to attract and retain qualified personnel or clients, the potential impact of disruptions related to IT, and any adverse developments in existing commercial relationships, disputes, or legal and tax proceedings.
The acquisition of QAPA, known for digital workforce solutions, will contribute to the group's financial growth, aiming to be EVA positive in 2023. As QAPA integrates its technology-led services, such as artificial intelligence, into the business, it aligns with the group's Future@Work strategy, focusing on digital transformation, skill development, innovation, and sustainability.
