The Swiss-based investor Circle8Group has acquired Swiss IT staffing and consultancy company Swisslinx with immediate effect. After acquisitions of amongst others, the Dutch labels Circle8 (formerly De Staffing Groep), FixedToday and Seven Stars, the deal marks a very important step in its international expansion for Circle8Group. With an impressive client portfolio and strong results, Swisslinx is market leader in the Swiss financial services sector. The full acquisition of the company fits within the buy-and-build strategy of Circle8Group. Financial details have not been disclosed.
Circle8Group, is taking over Seven Stars with immediate effect. Originally established in Zwolle and with offices in Zwolle, Utrecht and Groningen, Seven Stars is a recruitment agency that focuses on flex and contract workers in the IT sector. It expects to realise a turnover of over 85 million euros this year. Following the acquisition of the former De Staffing Groep (now Circle8, annual turnover 550 million euros) and FixedToday (annual turnover 80 million euros), Seven Stars is Axiom’s third takeover in quick succession in the Dutch staffing market, thus dovetailing perfectly with its buy-and-build strategy within the sector.