Bain Capital-backed HOHR makes double swoop following sale of majority stake

• With the acquisitions of Agium and ABMI, House of HR will have completed 16 acquisitions in 2022
• Agium offers risk, technology, business, legal and finance services for financial service providers, business service providers and governments
• ABMI is a French consulting and engineering services group

House of HR (HOHR) announced it has acquired Dutch company Agium and has signed a promise to acquire French company ABMI. With the acquisitions of the two companies HOHR will have completed 16 acquisitions in 2022.

The add-ons are the first since the completion of Bain Capital’s purchase of a 55 percent majority stake in HOHR.

Agium was acquired by HOHR’s subsidiary company Redmore. Agium is headquartered in Delft and offers risk, technology, business, legal and financial services for financial service providers, business service providers and governments. The company achieved revenues of €19.3 million in 2021 and employs 190 people.

HOHR’s purchase of ABMI is expected to complete in the fourth quarter. The company, headquartered in Guyancourt, is a consulting and engineering services group. Upon completion of the acquisition, ABMI will form a partnership via a common holding with Abylsen, a French engineering group that specialises in industrial, digital and life sciences services that has been part of the HOHR group since 2015. ABMI employs 750 people and had a turnover of €50 million in 2021.

HOHR, headquartered in Roeselare, Belgium, is a provider of HR services in European staffing markets. It offers end-to-end temporary recruiting and outsourcing services. The group supplies staffing primarily to small and medium-sized enterprise clients.

The company aims to scale up its platform into new markets and increase its digital investments. In 2021, HOHR realised a pro forma adjusted turnover of €2.2 billion and pro forma adjusted EBITDA of €262.7 million.