AKKA Technologies And Modis Unite To Build A Global Smart Industry Leader
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HIGHLIGHTS
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Adecco Group to acquire AKKA Technologies and combine the business with Modis to create the global #2 in the engineering R&D market, a powerful platform to drive future Smart Industry leadership
Transaction consideration of €2.0 billion of Enterprise Value, equivalent 10.6x EV/EBITDA 2022e
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Accelerates Adecco Group's [email protected] strategic implementation toward high-value, technology-led services in less-cyclical markets, while reinforcing the strength of Adecco Group's unique solutions ecosystem; the three Global Business Units will be recognised market leaders
Combined, AKKA Technologies and Modis will have scale, through 50,000 engineering and digital experts with deep cross-sector expertise, a global footprint, balanced industry profile, and strongholds in higher growth sectors such as mobility and software & technology services