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SYNERGIE ANNOUNCES AN AGREEMENT TO ACQUIRE A MAJORITY STAKE OF AGILUS WORK SOLUTIONS
Globenewswire· 2026-01-26 07:46
Core Viewpoint - SYNERGIE Group has signed an agreement to acquire a majority stake in Agilus Work Solutions, marking a significant step in its expansion strategy in the Canadian market [1][5] Group 1: Acquisition Details - The acquisition is subject to clearance by the Canadian Competition Bureau and does not result in an immediate transfer of control [1] - This transaction is the largest international acquisition for SYNERGIE to date, reinforcing its commitment to providing world-class HR solutions [1] Group 2: Market Opportunity - The Canadian recruitment and HR solutions market is characterized by structural labor shortages and diversified demand across key sectors, presenting a strategic opportunity for growth [2] - The growing adoption of outsourced and technology-enabled HR services supports resilient growth and long-term value creation in the market [2] Group 3: Agilus Work Solutions Overview - Founded in 1976, Agilus is the 8th largest staffing player in Canada, with a nationwide network of 14 branches [3] - In 2025, Agilus is expected to generate approximately CAD 300 million in revenues (around €190 million), reflecting its scale and market momentum [3] Group 4: Strategic Benefits of the Acquisition - The combination of SYNERGIE and Agilus networks will provide extensive national coverage across Canada and create significant value through complementary market positions, especially in engineering, IT, and professional skill sets [4] - This acquisition aims to accelerate SYNERGIE's development in Canada and achieve critical scale in the North American market [5] Group 5: Future Outlook - The transaction enhances SYNERGIE's capacity to support clients in their international growth, leveraging a full suite of global human resources solutions across 17 countries [6] - Upcoming communication of 2025 revenue is scheduled for January 28, 2026, after market close [6]