Adecco Group announced the acquisition of a controlling stake in Akka Technologies from the Ricci family and Swilux, followed by a Mandatory Tender Offer for the remaining shares. The transaction values Akka at an Enterprise Value of EUR2.0 billion. The strategic rationale is to combine Akka with Adecco's high-tech brand, Modis. The combined entity creates the world's second-largest player in the ER&D (Engineering Research & Development) market, with 50,000 engineers and leadership in the "Smart Industry" segment. The deal aims to generate significant synergies (EUR200M revenue, EUR65M cost) and balance the geographical footprint between Europe, North America, and APAC.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.1x since the beginning of 2026, 0.8% increase compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.