(Adnkronos) - ZURICH, Feb. 24, 2022 /PRNewswire/ --
Jean-Christophe Deslarzes, Chair of the Adecco Group said: "The completion of the acquisition of a majority holding in AKKA Technologies announced today is of paramount strategic importance to our Group. AKKA and Modis combined will be a global market leader in technology and digital engineering. Its integration accelerates the Group's Future@Work strategic implementation toward high-value and technology-led services. The three Global Business Units - Adecco, LHH and, in the future, Akkodis – will be recognised market leaders, reinforcing the Adecco Group's solutions ecosystem and its unique ability to meet the transformation needs of customers, underpinned by talent."
Alain Dehaze, CEO of the Adecco Group, commented: "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."
FULL PRESS RELEASE
1 The 7,927,487 profit-sharing certificates issued by AKKA Technologies and existing at the time of announcement of the transaction have been cancelled in the meantime. 2 In accordance with the terms as announced 28 July 2021. 3 The Adecco Group acquired 4.81 percent of AKKA's share capital in the market between 18 November 2021 and 14 February 2022. 4 Excluding one-time integration and implementation costs. 5 Agreed terms of €42 per share in cash plus €7 per share value equivalent in Adecco Group AG new ordinary shares.
Contact: The Adecco Group, Investor Relations, +41 (0)44 878 88 88
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