Adecco raises EUR 232.3 Mn to fund acquisition of AKKA Technologies

Adecco Group recently raised EUR 232.3 Mn to close a EUR 2 Bn Euros acquisition deal with AKKA Technologies announced in July this year. The said capital was raised by the placement of the company's 5.1 million new shares, each priced at CHF 49.60 Euros. These shares are expected to be listed and admitted to trading on the SIX Swiss Exchange on 9th  September 2021. The first day of trading is expected to be 9 September 2021.

The successful placing of the shares is a clear indication that stakeholders and investors are expecting significant value from the AKKA acquisition. Adecco will keep the investors updated on the integration of AKKA and Modis. Adecco Group has agreed to a lock-up period of 90 days from the Settlement Date, subject to customary exceptions. The AKKA acquisition was announced in late July 2021. 

The company further plans on transforming business strategies with the help of its other global business entities including Adecco, LHH and Modis. Utilizing the accumulated talent resources, transformative services, training and outplacements the company is geared to deliver efficient services to its clients.

The high value deal will be a massive opportunity for all stakeholders and play a key role in enhancing revenues and earnings by 2022.