Adecco acquires Penna in shock £105m deal

Adecco acquires Penna in shock £105m deal

Adecco, the multinational consulting company, has solidified its reign as the world’s largest recruitment firm through the purchase of Penna.

Alain Dehaze, Chief Executive of Adecco, explained what the £105million merger meant for the future of both businesses, during an interview with the Financial Times: “We are very pleased to have reached this agreement with Penna.

“Adecco and Penna have a long history of working together and Penna represents an excellent strategic fit for Adecco in UK HR services, expanding the breadth and depth of services Adecco is able to offer to its clients. The acquisition of Penna also offers meaningful synergy potential for Adecco in the UK.”

Penna recently claimed, in a January interview with Executive Grapevine, that they expected an increase in profits after a third quarter that exceeded expectations. Julie Towers, Managing Director at Penna, commented: “The market is good, and has been for the past 18 months.

“I would say our success is partly down to the fact we’ve focused on particular markets within our strengths, and also because we offer end-to-end recruitment, and HR, solutions.”

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