SGF Global acquires Adecco Ecuador, expands Latin American presence
QUITO, ECUADOR — Global HR and recruiting solutions company SGF Global has acquired Adecco’s operations in Ecuador, marking another expansion in the Latin American market.
The merger follows last month’s acquisition of Adecco Uruguay, underscoring SGF Global’s commitment to solidifying its regional presence.
Expanding services and reach in Ecuador
While the financial terms of the deal were not disclosed, the acquisition is anticipated to make SGF Global take full control of Adecco Ecuador’s operations, integrating its client portfolio and team of professionals.
The company plans to introduce new services in Ecuador, including:
- Nearshoring
- Employer of record (EOR)
- Project management
- Recruitment process outsourcing (RPO)
- Corporate training
These offerings will complement SGF Global’s existing services, reaffirming its commitment to both local and regional development.
Strategic investment in Ecuador economic future
Mauricio Sion, CEO of SGF Global, emphasized the significance of this acquisition: “This acquisition represents a crucial milestone in our expansion and positioning strategy in Latin America… We strongly believe in Ecuador’s future and economic dynamism, which is why we have chosen to invest here.”
“We will also strengthen our focus on Nearshoring and EOR, which are designed to respond to our clients’ globalization demands,” he added.
Leveraging decades of HR experience
SGF Global brings over three decades of experience in the human resources industry to this venture. Operating in more than 30 countries, the company is renowned for providing comprehensive human talent and staffing solutions. Their commitment to quality, integrity, and reliability has positioned them as a leader in the field.
Adecco Ecuador, with its 20-year history in the country, has been a key partner for numerous companies across various sectors. Their expertise in tailoring talent solutions to company size, sector, and operational stage will be a valuable asset to SGF Global’s expanded operations.
Impact on Latin American HR kandscape
This acquisition is expected to have a significant impact on the HR landscape in Latin America. By combining SGF Global’s international expertise with Adecco Ecuador’s local market knowledge, the company is well-positioned to drive growth and innovation in the region.
Meeting global demands through local expertise
The focus on nearshoring and EOR services is particularly noteworthy, as it addresses the growing demand among clients for globalization solutions.
These services allow companies to expand their operations into new markets while minimizing risk and complexity.
A commitment to regional growth
SGF Global’s continued expansion in Latin America underscores its commitment to the region’s economic development. By investing in local talent and infrastructure, the company is not only growing its own business but also contributing to the broader economic ecosystem of Ecuador and the surrounding region.
As SGF Global integrates Adecco Ecuador’s operations and expands its service offerings, the company is poised to become an even more influential player in the Latin American HR and recruiting landscape. This strategic move sets the stage for further growth and innovation in the region’s human resources sector.
