Adecco mulls sale of tech consulting unit Akkodis
ZURICH, SWITZERLAND — Swiss staffing giant Adecco Group is considering selling its technology consulting division, Akkodis, Bloomberg reported.
This potential move comes as Adecco seeks to gauge interest from potential buyers for the unit, which was formed through the acquisition of Akka Technologies in 2022.
The company has been discreetly assessing market interest, though no final decision has been made, according to sources familiar with the matter.
Akkodis: A key player in Adecco’s portfolio
The creation of Akkodis was part of Adecco’s strategy to diversify beyond traditional staffing services and offer more specialized, high-value solutions.
In 2023, Akkodis generated €3.7 billion (US$ 4 billion) in revenue, accounting for about 16% of Adecco Group’s total revenue.
With a workforce of over 50,000 engineers and digital experts, Akkodis operates in 30 countries and provides consulting, solutions, and talent services to various industries.
Market challenges and strategic considerations
Adecco Group has faced headwinds in recent times, with its share price declining by about 25% this year, resulting in a market value of approximately ₣5.2 billion (US$5.8 billion).
Nevertheless, the company insisted that Akkodis remains a pillar of their operations.
“We do not comment on rumors and speculations,” an Adecco spokesperson stated.
“Akkodis is part of our Future@Work strategy and core to the Adecco Group as one of the three pillars of our business, together with LHH and Adecco.”
As Adecco Group contemplates its next moves, it faces competition from industry giants like Randstad NV, ManpowerGroup Inc., and Robert Half Inc.
