Adecco Group AG (ADEN.EB) announced Monday that it has acquired the AGM, a company specializing in digital skills training for companies.
Affiliate Adecco said the transaction, with a total enterprise value of € 335 million ($ 412.5 million), is in line with its strategy to expand into "high-growth, high-margin adjacent markets".
The General Assembly will continue as a separate division within the Adecco Group under its founder and CEO Jake Schwartz, and will report to Adecco board member Sergio Picarelli, said Adecco from Switzerland.
"By offering the services of the General Assembly alongside existing talent development, career migration and professional staffing solutions, we can better address these customer needs, improve access to and provide the most requested capabilities," said Alain Dehaze, Adecco's CEO.
The transaction is subject to regulatory approval and is expected to close in the second quarter.