The Adecco Group
Appearance
Services | Employment agencies, recruitment, human resource consulting and outsourcing |
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Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 32,000 (FTE 2021)[1] 115,000 (2021)[1] |
Website | adeccogroup |
The Adecco Group is a
Zürich, Switzerland. It is the world's second largest human resources provider and temporary staffing firm.[3] It is a Fortune Global 500 company[4] and is listed on the SIX Swiss Exchange
.
![The Adecco Group global headquarters in Zürich is located in Bellerivestrasse since 2017](http://upload.wikimedia.org/wikipedia/commons/thumb/a/af/The_Adecco_group_Headquarters_in_Zurich.jpg/220px-The_Adecco_group_Headquarters_in_Zurich.jpg)
Services offered by the group include temporary
talent development in the office, industrial, technical, financial, and legal sectors, as well as business process outsourcing and consulting. As of 2021[update] the company had placed 115,000 workers in full time employment and had 500,000 workers in temporary roles daily.[1] It operates three global business units: Adecco, Akkodis,[5] and LHH. Its operating brands include Badenoch & Clark, DIS AG, General Assembly, Innovation Foundation, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, and Yoss.[6][7]
The company was formed on 1 January 1997 by the
merger of the French company Ecco, founded in Lyon in 1957, and the Swiss company Adia Interim, founded in Lausanne in 1957 as Adia.[8]
Mergers and acquisitions
- 1957: Adia founded
- 1964: Ecco founded
- 1997: Ecco and Adia Interim merge to form a network of 2,500 branches and 250,000 staff with an annual revenue of €5.4 billion[9]
- 1997: Acquires US temporary staffing company TAD Resources International of Cambridge, Massachusetts for $387.5 million[10][11]
- 2000: Acquires Olsten Staffing, and becomes the largest recruitment company in the US, with a combined revenue of €11.6 billion[12]
- 2009: Acquires UK recruitment company Spring Group[13]
- 2010: Acquires US staffing firm MPS Group of Jacksonville, Florida[14]
- 2011: Begins a joint venture in Shanghai with Chinese HR services company FESCO.[15] and acquires US-based Drake Beam Morin, Inc.[16]
- 2012: Acquires Japanese staffing service VSN Inc.[17]
- 2014: Acquires US freelance worker-on-demand company OnForce of Lexington, Kentucky[18]
- 2015: Acquires Canadian recruitment services company Knightsbridge Human Capital Solutions, a Canadian company offering career transition, talent and leadership development[19] Alain Dehaze becomes CEO[20]
- 2016: Acquires UK recruitment services company Penna Consulting PLC[21]
- 2018: Acquires US private educational organization General Assembly[22] and recruitment marketplace Vettery[23]
- 2019: Divests its holding of US healthcare staffing business Soliant Health to Olympus Partners for a cash consideration of $612 million[24]
- 2020: Vettery purchases competing tech marketplace Hired for an undisclosed amount[25] and combines the two business's products under the Hired brand[26]
- 2022: Denis Machuel replaces Alain Dehaze as CEO[27][28]
See also
References
- ^ a b c d e f g h "Annual Report 2021" (PDF). The Adecco Group. Retrieved 20 March 2022.
- ^ "Upcoming Adia, Ecco merger to create a personnel giant - Silicon Valley Business Journal". Silicon Valley Business Journal. Archived from the original on 12 December 2005. Retrieved 5 April 2016.
- ^ "Randstad and Adecco Rank First and Second on SIA'S 2019 Largest Global Staffing Firms List". staffingindustry.com. Retrieved 18 February 2020.
- ^ "The world's 500 largest companies. 2019 Report". Fortune.com.
- ^ "Akkodis.com". Akkodis.com. Retrieved 15 May 2023.
- ^ "Adecco Group Website - Our Solutions". The Adecco Group. Retrieved 15 May 2023.
- ^ "The Adecco Group – find out more about the industry leader in Human Resources solutions at a glance". Archived from the original on 5 January 2019. Retrieved 31 January 2019.
- ^ "Upcoming Adia, Ecco merger to create a personnel giant - Silicon Valley Business Journal". Silicon Valley Business Journal. Archived from the original on 12 December 2005. Retrieved 5 April 2016.
- ^ "Upcoming Adia, Ecco merger to create a personnel giant". Bizjournals.com. Archived from the original on 12 December 2005. Retrieved 1 November 2017.
- ^ Dow Jones (18 September 1997). "INTERNATIONAL BRIEFS; Adecco to Acquire Massachusetts Company". The New York Times. Retrieved 8 February 2023.
- ^ Dow Jones Newswires (17 September 1997). "Switzerland's Adecco to Buy Staffing Firm for $387.5 Million". wsj.com. Retrieved 8 February 2023.
- ^ "World's Largest Temp Firm Adecco to Buy Olsten and Take Lead in U.S." Los Angeles Times.
- ^ "Adecco's acquisition of Spring creates one of the largest recruitment companies in the UK". Hrmagazine.co.uk. Archived from the original on 7 November 2017. Retrieved 12 April 2016.
- ^ "Jacksonville's MPS Group agrees to buyout by Swiss firm | Jacksonville.com". Archived from the original on 5 January 2010. Retrieved 13 January 2015.
- ^ "Adecco, FESCO establish new HR venture". China Daily. Archived from the original on 7 November 2017. Retrieved 1 November 2017.
- ^ "Adecco Announces Plan to Acquire Drake Beam Morin – Workforce Magazine". Workforce.com. 26 July 2011. Archived from the original on 30 May 2016. Retrieved 1 November 2017.
- ^ "Deals - Corporate LiveWire - Corporate LiveWire". Corporatelivewire.com. Archived from the original on 7 November 2017. Retrieved 1 November 2017.
- ^ "OnForce acquired by European Adecco Group, will join with Beeline". Betaboston.com. Archived from the original on 21 April 2016. Retrieved 5 April 2016.
- ^ "Adecco acquires Knightsbridge Human Capital Solutions". 2.staffingindustry.com. Retrieved 1 November 2017.
- ^ "Adecco Board appoints Alain Dehaze as CEO - Recruitment International". Recruitment-international.co.uk. Archived from the original on 7 November 2017. Retrieved 1 November 2017.
- ^ "Adecco says Brexit uncertainty hitting UK finance jobs". Reuters. Archived from the original on 9 July 2020. Retrieved 1 November 2017.
- ^ "General Assembly joins the Adecco Group". General Assembly school press. 16 April 2018. Archived from the original on 17 May 2019. Retrieved 16 May 2019.
- ^ "Vettery acquisition press release". The Adecco Group Press Office. Archived from the original on 15 March 2018. Retrieved 6 December 2019.
- ^ Sexton, Lauren (5 November 2019). "The Adecco Group announces divestment of Soliant Health in US". www.recruitment-international.co.uk. Retrieved 6 April 2020.
- ^ Ha, Anthony (24 November 2020). "Vettery acquires Hired to create a 'unified' job search platform". TechCrunch. Retrieved 17 March 2022.
- ^ "Hired solidifies position as world's largest AI-driven hiring marketplace amid record hiring activity". highlights. 13 April 2021. Retrieved 17 March 2022.
- ^ "Adecco recruits former Sodexo boss Machuel as new CEO".
- ^ "UPDATE 3-Adecco recruits former Sodexo boss Machuel as new CEO". Reuters. 5 May 2022.
External links
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