Circle8Group, the company that acquired De Staffing Groep last year, is once again acquiring in the flexible market sector. The Swiss investor has also acquired intermediary firm FixedToday, with additional acquisitions expected shortly.
FixedToday, based in Culemborg, offers not only matchmaking (staffing) services but also contract and payroll services. The intermediary specializes in supporting companies in hiring external professionals, with a particular focus on the specialized and distinctive field of ex-pat arrangements. Since 2012, the organization has grown to achieve a turnover of 75 million euros and approximately 800 contracts.
“Sustainable growth vision”
The two founders of FixedToday will remain connected to the company, and the current workforce will remain unchanged. The investment company Circle8Group and its subsidiary De Staffing Groep (DSG) primarily play a facilitating role. “After a period of substantial growth, we realized that we could achieve the next step either through a five-year plan or with the help of an investor,” says Karl van der Horst, CEO and co-founder of FixedToday. “After receiving interest from various companies, Circle8Group, through DSG, was the first to genuinely pique our interest. In addition to having a great rapport with the management, their industry expertise and sustainable growth vision for our label convinced us. This partnership feels like a dream combination for both parties, and I have complete confidence that together we will emerge victorious in the battle for the Total Talent Workforce.”
Buy-and-build strategy
Through this acquisition, Circle8Group expands its activities in the flexible market sector. “We are extremely proud of this acquisition, which perfectly aligns with our buy-and-build strategy within the industry,” says Mike Korenvaar of Circle8Group. “With FixedToday, we welcome a financially sound and leading organization to our portfolio, taking us one step further in providing a complete range of flexible labor solutions.”
Synergy benefits
Circle8Group expects to derive synergy benefits from this acquisition through FixedToday, following the earlier acquisition of DSG. Gert-Jan Schellingerhout, CEO of DSG, comments, “With FixedToday in the Circle8Group portfolio, we can now also operate in the intermediary market and provide support for international expansion opportunities for our clients. Furthermore, the combination of FixedToday’s strong recruitment and selection channel and their focused IT services in the intermediary market enhances our competitive position even further.”
FixedToday aims to achieve further revenue growth, targeting one hundred million euros.