Expands the Adecco Group’s up-/re-skilling offering, by adding a leader in digital skills development
- Combination creates unique solutions to address clients’ unmet needs for in-demand 21st-century skills
- Synergies across multiple business lines will enhance General Assembly’s strong standalone growth
- Consistent with Group’s strategy to harness megatrends and expand into high-value adjacent markets
The Adecco Group, the world’s leading HR solutions partner, today announced a definitive agreement to acquire General Assembly, a pioneer in education and career transformation that offers accelerated learning programs in high-demand 21st-century digital skills. The acquisition will position the Adecco Group as a leader in the fast-growing up-/re-skilling segment, complementing existing solutions and creating significant synergies in Talent Development & Career Transition and Professional Staffing & Solutions. Total enterprise value is USD 412.5 million (EUR 335 million) and the transaction is expected to be EVA positive in the third full year of ownership.