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Announced

Completed

zvoove completed the acquisition of RecruitNow.

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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temporary staffing

Outsourced HR and Staffing

Acquisition

Cross Border

Majority

Completed

Single Bidder

Netherlands

Private

Friendly

Synopsis

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zvoove, a provider of SaaS solutions for personnel and facility service providers, completed the acquisition of RecruitNow, an applicant tracking systems provider for staffing companies. Financial terms were not disclosed. "With the acquisition of RecruitNow, we have further strengthened our position as market leaders in Europe. It is another logical step in our growth strategy, which aims to unite the best minds and technologies under our umbrella. With Pivoton, we already have a strong ERP solutions company in the group. RecruitNow, as a standalone front-end solution with its ATS and CRM functionalities and innovation leadership, completes our offering in the Dutch market and brings competitive advantages for our German and Swiss customers. We are very excited about the upcoming synergy effects and the exchange with our new colleagues," Oliver Muhr, zvoove CEO.

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