ACCESS assisted APT, number 5 in the field of human resources and temporary work, in the sale process of its majority stake to the Polish Work Service Group
July 12, 2017
Access Business Solutions assisted APT' shareholders in the recent selling transaction of 80% of their share capital in four of the group's companies to Work Service Group, one of the top players of HR services and Temporary labour on the CEE market.
In June 2017, APT Group signed the acquisition contract with Work Service Group for 4 companies within APT Group: APT Resources & Services SRL, APT Human Resources SRL, APT Broker SRL and APT Finance Broker SRL. Following the transaction, later in Q4 2017, APT companies providing HR services will be integrated into Work Service brand.
"This transaction, in which Access Business Solutions assisted the seller, as it involved the sale of a leading company in the field, is one of reference for the HR and temporary work services sector in Romania, reconfirming the increased interest of big European players for the local market, due to the favourable macroeconomic context of Romania in the region. The team that worked on this transaction has extensive experience in strategic consulting and merger and acquisition services, providing complete assistance during all stages of the sales process, "said Selcuk Saldirak, founder of Access Business Solutions.
“Today, we are present in 16 European countries and one of our companies conducts its activity even in China. Work Service Group is the largest HR service provider in this part of the continent, so it has been natural for us to select Romania, which is the seventh country in the European Union in terms of the number of inhabitants. We were starting from nothing and for the last 18 years we have built a strong brand which is recognizable among the candidates, among the employers and among the investors. We are present at two stock exchanges: in Warsaw and in London; we account for 18% of the market share in the HR service market, being No. 1 in Central Europe. Nevertheless, the real measure of our success is provision of work to over 1 million persons as well as building of long-term relations with our business partners. It has been possible thanks to our expert knowledge sharing and - what is the most important - reliable service. It would not have been possible without choosing a proper team and fantastic people who stand behind every signed contract and completed orders and thus - satisfaction of our clients. I hope that our activity in Romania will run similarly to our activity in Hungary, where after two years of our presence we have become the market leader” - says Tomasz Misiak, the Co-Founder and the President of the Supervisory Board of Work Service S.A.
About APT Group of companies
With more than 20 years of experience on the Romanian HR market, APT Group of companies is the biggest independent player in the industry, a force concentration evenly deployed across different specialties in the areas of human capital, communication and SaaS. With a turnover of more than 25 million euros and an average number of 2,000 employees (mostly higher educated) in BPO and temporary work assignments, as of 2016, APT Group ranks in the Top 5 HR providers in Romania. Over time, APT has developed organically, following a two-fold growth strategy: customizing services to satisfy the most diverse customer demands and streamlining operations through modern tools and in-house software solutions. APT is certified ISO 9001 for Personnel Recruitment and Evaluation, Provision of Staff (Temporary Staffing) and Payroll.
For more information please access https://www.apt.ro/
About Work Service Group
Since 1999 Work Service has been the provider of HR services on the Polish market and CEE region, ranging from temporary employment, permanent placement, HR outsourcing, payroll services, and executive selection, up to HR consulting and restructuring processes. Work Service Group operates in 16 countries in Europe and China. Over 3000 companies already chose Work Service as its business partner. Over 50 000 employees every day and 300 000 every year find employment through one of companies belong to the Work Service Group. Work Service is the first HR industry company listed on the Warsaw Stock Exchange and starting from 2016 Work Service is dual-listed on the London Stock Exchange as well.
For more information please access http://www.workservice.com/en/