House of HR today announced a definitive agreement to acquire the general staffing business of TimePartner, a Hamburg-based specialized recruitment firm, with a national network of 120 offices in Germany. With 2015 year-end run-rate revenues of €260 million, approximately 370 employees, the business is a leading player in the German market, serving several high-value segments, with more than 7,500 people working on a daily basis. TimePartner’s core service lines complement House of HR’s existing specialty services portfolio and multi brand strategy.
“House of HR has a strong entrepreneurial spirit that fits with our culture and our ambition”, said CEO Sven Kilian. “TimePartner’s business has come a long way with a successful growth story in the last three years. Today it is fundamentally strong and well positioned to join House of HR and take this next step in the company’s evolution. The company’s progress and recent success is a testament to its strong leadership team and dedicated employees. We are proud of everything TimePartner has accomplished under our management.”