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Announced

Completed

SD Worx-backed Protime completed the acquisition of SoftMachine

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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Completed

Spain

workforce management

Acquisition

Cross Border

Private

Majority

Friendly

Single Bidder

Outsourced HR and Staffing

Synopsis

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SD Worx-backed Protime, a company specializing in time registration, access control and workforce planning, completed the acquisition of SoftMachine, a workforce management solutions provider. Financial terms were not disclosed. "At Protime, we’re growing fast thanks to our targeted response to the shift to a more flexible labour market and the internationalisation of our customers. By expanding with strong local partners such as SoftMachine in Spain, we’re strengthening our capability to become the best provider of workforce management solutions in Europe," Gille Sebrechts, Protime CEO.

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