Heidrick & Struggles Acquires Management Solutions Provider Atreus

9 months ago

Heidrick & Struggles International Inc HSII has agreed to acquire Atreus, an interim absorption solutions supplier successful Germany. The fiscal presumption of the acquisition were not disclosed.
Atreus generated yearly gross of astir $61 cardinal successful 2021.
Atreus volition go portion of Heidrick & Struggles' existing on-demand endowment offering that includes U.S.-based Business Talent Group (BTG), acquired successful 2021.
Atreus volition proceed to beryllium led by Co-CEOs, Harald Linné and Rainer Nagel.
Atreus run arsenic a wholly owned subsidiary of Heidrick & Struggles.
The acquisition is expected to hap aboriginal successful the archetypal 4th of 2023.
Heidrick held currency and equivalents of $456.0 million as of September 30, 2022.
Price Action: HSII shares closed higher by 2.48% astatine $28.50 connected Thursday.