Adecco-backed Modis completed the acquisition of a 60% stake in AKKA from Ricci family and CNP for $2.4bn.

Adecco-backed Modis, a science and IT staffing business, completed the acquisition of a 60% stake in AKKA, a provider of high-technology engineering consulting services, from Ricci family and Compagnie Nationale à Portefeuille, a family-owned professional shareholder investing in and supporting European sector-leading or emerging companies, for $2.4bn. "We extend a warm welcome to our new colleagues and customers. With the best team in the industry, the future business, Akkodis, is uniquely positioned to meet the rising demand from customers for high-tech experts to scale up their innovation, improve productivity and accelerate digital transformation. We will now begin the integration of AKKA and Modis that will create a Smart Industry leader, delivering significant value for all stakeholders," Alain Dehaze, Adecco CEO.