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New Deal


Announced

Completed

SD Worx completed the acquisition of Adessa Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Friendly

Belgium

Private

digital HR

Software

Completed

Majority

Domestic

Synopsis

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SD Worx, an experienced payroll service provider, completed the acquisition of Adessa Group, a technology consulting firm offering HR software in the cloud and associated services. Financial terms were not disclosed. “These are disruptive times. But, at the same time, the business in which Adessa Group specialises has never been more relevant: due to the corona crisis, the need for digital collaboration and efficient HR processes has never been greater. Adessa Group's cloud technology and associated services enable companies to easily manage their human resources remotely. Digital processes must be flawless if you want to perform well in terms of employee experience and engagement. For SD Worx, the acquisition of Adessa is a logical step in our European expansion,” Kobe Verdonck, SD Worx CEO.

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