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Adecco Agrees to Buy Akka Technologies for $1.8 Billion

  • Investors holding 60% of Akka have agreed to the deal
  • Purchase to help Adecco grow in digital engineering services
Updated on

Swiss staffing company Adecco Group AG agreed to buy Akka Technologies, a provider of consulting services on high-tech engineering projects, for 1.5 billion euros ($1.8 billion).

Akka investors will receive 49 euros a share, Adecco said Wednesday, almost double Tuesday’s closing price. The main shareholders, the Ricci family and Belgium’s Cie. Nationale a Portefeuille SA, have irrevocably accepted the terms. They own 60% of the company, which has operations in Europe, predominantly in France and Belgium.