House of HR acquires Dutch Cohedron
House of HR acquires the Dutch holding Cohedron, a leading group of full-service companies in the public sector. The takeover strengthens the position in the public service sector.
Roeselare, 21 June 2021 - House of HR, the European group of HR service companies, acquires the Dutch holding Cohedron, a leading group of full-service companies in the public sector. The takeover strengthens House of HR’s position on the Dutch market and in the public service sector.
Dutch Cohedron is a service provider with a particular focus on the public sector. The group consists of several specialities and works under different brand names: Wyzer, Future Communication, Human Capital Group, Argonaut, Zorg-Lokaal, Plangroep and Plangroep Financiële Services. With more than 2.000 professionals and over 30 years of experience, Cohedron supports and advises public authorities, non-profit organizations and companies. It offers outsourcing of processes and secondment of qualified specialists (both in the public sector), as well as consultancy to organizations and public authorities. In 2020, Cohedron realized a turnover over about 132 million euros, with an EBITDA of about 19 million euros.
Since 2017, Cohedron is growing rapidly. This today has led to the acquisition by House of HR. House of HR is taking over all shares from the former majority shareholder Argos Wityu. Cohedron’s management sells its minority stake to House of HR, but remains active within Cohedron, whilst reinvesting in House of HR. By doing so, it reconfirms its engagement both towards Cohedron and towards House of HR. The acquisition is still subject to approval by the Dutch competition authority ACM.
Jeroen Ekkel, CEO of Cohedron, is happy with the entrance in House of HR: ‘Belonging to the ultimate Talent Powerhouse, sharing the same vision, expertise and entrepreneurial culture is a real ‘match made in heaven’. Becoming part of House of HR will enable us to further grow both nationally and internationally and to realize our ambitions. We are focusing on technical innovation, autonomous growth and high quality services. Together, we are stronger and we can have a bigger impact on both the life of people and on society as a whole. This is what drives us, day after day.’ Cohedron will continue investing in expertise and technology, such as own IT-platforms, but also by leveraging on the know-how from within House of HR.
Rika Coppens CEO of House of HR, welcomes the more than 2.000 new Happy Rebels to House of HR: ‘We are excited to welcome the people from Cohedron to our family of Happy Rebels. Thanks to the unique expertise and offerings from Cohedron, we can now enter the domain of the public sector, something that was on our wish list for quite a while. Further growing on the Dutch market, as well as searching for new opportunities in the other countries we are active in, certainly will be possible in the near future. A bright future awaits us!’
The acquisition of Cohedron is House of HR’s fourth takeover in 2021, and the second one in the Netherlands. Cohedron is to become one of the Engineering&Consulting Powerhouses, next to among others Accent in Belgium, Abylsen in France, and Covebo, Continu Professionals and Redmore in the Netherlands. Earlier this year, the German Zaquensis and TIMEPARTNER merged. In the Netherlands, House of HR was ranked by Flexmarkt as the fifth largest player in the HR-field, as well as the strongest grower in 2020. Thanks to its organic growth, the post-Covid recovery and its acquisitions earlier this year, House of HR will realize a turnover in 2021 of more than 2 billion euros.
End of the pres release.