Clearwater International advises The Adecco Group on its acquisition of QAPA
Clearwater International has advised The Adecco Group, a world-leading human resources provider focusing on temporary staff, on its acquisition of QAPA, the second largest provider of fully digital workforce solutions in France, for an initial consideration of €65m.
QAPA boasts over 500 customers from small and medium-sized enterprises to blue-chip clients, with a talent base of approximately 4.5 million workers that are mainly deployed on a flexible placement basis. QAPA delivered a turnover of €45m in the 12 months to the end of June 2021 and has around 60 employees. In 2020, revenues rose by nearly 90% year-on-year and are expected to continue to grow vigorously.
The acquisition of QAPA is consistent with Adecco Group’s Future@Work strategy, elevating exposure to structural growth and toward high-value, technology-led services while reinforcing the strength of the Group’s differentiated ecosystem of talent solutions. In acquiring QAPA, Adecco expedites delivery of a distinct and wholly digital solution to customers which will complement the existing omnichannel approach and rich value-added services offering, with resulting customer retention benefits.