The Adecco Group is a

Swiss Swiss most commonly refers to: * the adjectival form of Switzerland * Swiss people Swiss may also refer to: Places * Swiss, Missouri * Swiss, North Carolina * Swiss, West Virginia * Swiss, Wisconsin Other uses * Swiss Café, an old café located ...

French French may refer to: * Something of, from, or related to France ** French language, which originated in France ** French people, a nation and ethnic group ** French cuisine, cooking traditions and practices Arts and media * The French (band), ...

company based in

Zürich Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...

, Switzerland. It is the world's second largest

human resources Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include ' ...

provider and temporary staffing firm. It is a ''Fortune'' Global 500 company and is listed on the

SIX Swiss Exchange SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zürich, is Switzerland's principal stock exchange (the other being BX Swiss). SIX Swiss Exchange also trades other security (finance), securities such as Swiss government bonds and deriv ...

Services offered by the group include temporary

staffing Staffing is the process of finding the right worker with appropriate qualifications or experience and recruiting them to fill a job position or role. Through this process, organizations acquire, deploy, and retain a workforce of sufficient quanti ...

, permanent

job placement An employment agency is an organization which matches employers to employees. In developed countries, there are multiple private businesses which act as employment agencies and a publicly funded employment agency. Public employment agencies One ...

, career transition, and

talent development Training and development involves improving the effectiveness of organizations and the individuals and teams within them. Training may be viewed as being related to immediate changes in effectiveness via organized instruction, while development ...

in the office, industrial, technical, financial, and legal sectors, as well as business process outsourcing and consulting. the company had placed 115,000 workers in full time employment and had 500,000 workers in temporary roles daily. It operates three global business units: Adecco, Akkodis, and LHH. Its operating brands include Badenoch & Clark, DIS AG,

General Assembly A general assembly or general meeting is a meeting of all the members of an organization or shareholders of a company. Specific examples of general assembly include: Churches * General Assembly (presbyterian church), the highest court of presby ...

, Innovation Foundation, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, and Yoss.

History

The Adecco Group was formed on 1 January 1997 by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

of the French company Ecco founded in

Lyon Lyon (Franco-Provençal: ''Liyon'') is a city in France. It is located at the confluence of the rivers Rhône and Saône, to the northwest of the French Alps, southeast of Paris, north of Marseille, southwest of Geneva, Switzerland, north ...

as Interecco in 1964, and the Swiss company Adia Interim, founded in

Lausanne Lausanne ( , ; ; ) is the capital and largest List of towns in Switzerland, city of the Swiss French-speaking Cantons of Switzerland, canton of Vaud, in Switzerland. It is a hilly city situated on the shores of Lake Geneva, about halfway bet ...

in 1957 as Adia. In 2015,

Alain Dehaze Alain Dehaze (born 1963) is a Belgian business executive who was the former CEO of The Adecco Group. Having previously worked as the Adecco Regional Chief for Northern Europe and France, he joined The Adecco Group in September 2015. He began his ...

becomes CEO and, in 2022, was succeeded by

Denis Machuel Denis Machuel (born 19 April 1964) is a French business executive. He is currently the CEO of The Adecco Group, a Human Resources services company. Early life Born in 1964 in Reims, Machuel receives an undergraduate degree and a graduate degree ...

as CEO.

Mergers and acquisitions

In September 1997, the company acquired US temporary staffing company TAD Resources International of

Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...

, for $387.5 million. The company acquired Olsten Staffing in late 1999, and became the largest recruitment company in the U.S., with a combined revenue of €11.6 billion. UK recruitment company Spring Group was acquired in 2009, and a year later in 2010,

Jacksonville, Florida Jacksonville ( ) is the most populous city proper in the U.S. state of Florida, located on the Atlantic coast of North Florida, northeastern Florida. It is the county seat of Duval County, Florida, Duval County, with which the City of Jacksonv ...

-based staffing firm MPS Group was acquired for an estimated 1.3 billion. At the start of 2011, The Adecco Group began a joint venture in Shanghai with Chinese HR services company FESCO and in September of that year, acquired US-based Drake Beam Morin, Inc. In January 2012, it was announced that the company had acquired

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

ese staffing service VSN Inc. 2014 saw the acquisition of U.S freelance worker-on-demand company OnForce of

Lexington, Kentucky Lexington is a Consolidated city-county, consolidated city coterminous with and the county seat of Fayette County, Kentucky, United States. As of the 2020 United States census, 2020 census the city's population was 322,570, making it the List of ...

Canadian Canadians () are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''C ...

recruitment services company Knightsbridge Human Capital Solutions, a company offering career transition, talent and leadership development, was acquired in 2015. In March 2016, the company acquired UK recruitment services company Penna Consulting PLC. The Adecco Group acquired

Vettery Hired (previously known as Vettery) is a hiring marketplace. Vettery was founded by Brett Adcock and Adam Goldstein in 2013. History Vettery was founded in March 2013 in New York City by Brett Adcock and Adam Goldstein. The service launched in ...

, a recruitment marketplace startup, for $100 million USD in February 2018. In April of that same year, the U.S.-based education technology provider General Assembly was acquired. In 2019, the company announced the sale of U.S. healthcare staffing business Soliant Health to Olympus Partners for a cash consideration of $612 million. In November 2020,

purchased competing tech marketplace Hired for an undisclosed amount and combined the two business's products under the Hired brand. French engineering and technology consulting firm Akka Technologies was acquired in July 2021 for a reported €2.0 billion.

References

External links

* {{DEFAULTSORT:Adecco Companies listed on the SIX Swiss Exchange Multinational companies headquartered in Switzerland Consulting firms established in 1996 Employment agencies Actuarial firms Human resource management consulting firms Companies based in Zurich Service companies of Switzerland Temporary employment agencies

History

Mergers and acquisitions

See also

References

External links