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Zedra to pick up Talenture
Posted on Wednesday, 09 October 2019 06:57
Zedra is buying Switzerland-based independent staffing and human resources provider Talenture for an undisclosed sum.
The deal, which will increase the buyer’s global offices to 17 across 13 jurisdictions, is slated to close by the end of 2019.
Established in 2010 and headquartered in Ticino, Talenture provides consulting and corporate services for a range of clients, such as international entrepreneurs and corporations.
The group’s brands include Oscar Temple and Energi Talent Resourcing, which specialise in recruitment across the technology, telecommunications and oil and gas sectors, among others.
Talenture’s FMCG Search division focuses on providing interim consulting services in the consumer goods industry.
Among the target’s other activities are sales and marketing, human resources (HR) and supply chain and procurement operations.
Michele Antonini, who will become the managing director of Zedra upon closing, said: “We look forward to creating new opportunities for our clients and employees by combining our local expertise with Zedra’s Group global network.”
As a result of the deal, the buyer will expand its portfolio and services with the addition of Talenture’s accounting, corporate, payroll and HR offerings, among others.
Furthermore, the transaction allows Zedra to enter the Italian-speaking region of Switzerland, having already established itself in the French and German-speaking parts of the country via sites in Zug, Zürich and Geneva.
The purchase represents Zedra’s second acquisition this year; in July, it bought trustee and administration services provider Interben Trustees for an undisclosed sum.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 54 deals targeting human resources consulting services providers signed off globally since the beginning of 2019.
In the most valuable of these to date, Morneau Shepell acquired Mercer’s US-based large market health and defined administration benefits business for USD 57.00 million.
Other companies targeted in this sector include DHA Group, McMillan Shakespeare and Work Service.
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