News - Acquisition in Switzerland and Lichtenstein

Gi Group Holding acquires Eupro Holding AG

A leading recruitment and human resources player in Switzerland and Lichtenstein, one more significant step in the company’s path to becoming a fully global HR ecosystem.
Milan, Italy (1st December 2022)

Gi Group Holding today announced the acquisition of Eupro Holding AG, a group of leading Swiss-based companies (“Eupro”) focused on the recruitment and human resources industry. The transaction further highlights the strong growth trajectory for Gi Group Holding, as a leader in the global staffing and recruitment industry through an HR ecosystem that offers a full suite of tailored solutions through seven complementary brands present in 29 countries worldwide.

Indeed, between 2020 and 2021 alone, the company completed eight strategic acquisitions, with an additional four expected by the end of 2022 (including EUpro). Specifically, the addition of EUpro to Gi Group Holding will significantly elevate the Milan-based group’s footprint and capabilities in Switzerland and the Principality of Lichtenstein, bringing its total temporary and permanent staffing business to €120 million in annual revenues, in addition to its Jobtome brand presence, which counts with €35 million in revenues. Today, with the addition of EUpro Holding, Gi Group Holding’s strength in Switzerland and Lichtenstein counts with 21 branches across 19 Cantons (regions) and more than 90 employees, placing roughly 3,600 candidates a year through 1,400 total clients. More specifically, now Gi Group Holding is placed amongst the top 15 players in the industry and number one in the Ticino Cantonu

Gi Group Holding is thrilled to welcome Eupro Holdings as part of our global HR ecosystem. This acquisition allows us to consolidate our position as a leading provider of recruitment services also in Switzerland and Lichtenstein. It is a crucial step in further developing our position as one of the biggest providers of HR services in Europe.

Stefano Colli-Lanzi, Gi Group Holding Founder & CEO

Eupro, since its founding in 1997, has grown into 2 brands in 2022 (Eupro, BauTech AG), providing clients with temporary or permanent staffing service, with a primary focus on the construction and manufacturing industries. Eupro is a member of Swisstaffing, the national association of recruitment agencies, and is ISO 9001 certified with compliant quality management systems.

Eupro’s integration into Gi Group Holding is a testament to the hard work of our passionate staff who, since our founding in 1997, have worked as true, trusted partners for our clients and candidates, ultimately creating a strong footprint within Switzerland and Lichtenstein; one that will now be exponentially amplified thanks to our entry into a company with true global capabilities and vision. We look forward to this next and exciting chapter.

Oliver Diesl, CEO of Eupro – and effective immediately – Gi Group Temp & Perm Switzerland Business Manager

Effective immediately, Eupro will begin a rebranding process into Gi Group Holding, with the exception of BauTech AG, which is expected to be rebranded in 2024.

Advisors:

Financial: Accuracy
Renato Vigezzi, Partner
Davide Bordo, Senior Manager
Darko Schwarzberger, Director

Legal e tax: Bär & Karrer AG, Lugano
Paolo Bottini, Partner
Andrea Ziswiler, Senior Associate
Michel Morelato, Senior Associate

Gi Group Holding people involved in the Acquisition:

Maurizio Uboldi, Head of M&A

Gabriele Cagini, Global M&A Project Manager

Daniele Merlerati, Regional Head – APAC, Switzerland, Lithuania

Dario dell’Osa, Global Legal Senior Director

Nicola Dell’Edera, Global Chief Financial & Procurement Officer

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