Adecco acquires Drake Beam Morin

Adecco Group, the global leader in Human Resource services, today announced the acquisition of US-based Drake Beam Morin, Inc., a leading provider in the career transition and talent development services sector, for an enterprise value of EUR 149 million.

Combining Adecco’s Lee Hecht Harrison business with Drake Beam Morin, Inc. will create the world’s leading career transition and talent development services provider. The acquisition considerably expands the global footprint of Lee Hecht Harrison beyond its main markets, the U.S. and France, into new geographies, and enhances its scale in markets with an existing presence.

“I am very pleased that Drake Beam Morin, Inc. is joining forces with Lee Hecht Harrison. The combined businesses will provide a global presence in the outplacement and talent development services sector, enabling us to better serve our clients internationally. This fits very well with our customers’ increasing needs for global solutions across the full range of HR services. The move strengthens Adecco with an effective counter-balance to the temporary and permanent staffing business, given the counter-cyclical nature of the career transition sector.” - Patrick De Maeseneire, Chief Executive Officer of the Adecco Group