Continu progresses buy-and-build strategy with techmatch acquisition
Placement organisation Continu, one of the companies operating under the House of HR umbrella, is to take over TechMatch. With this acquisition, the Continu Group is writing a new chapter in achieving its ambitious growth objectives through a buy-and-build strategy. TechMatch owners Wilco Crone and Jan van Vroenhoven will transfer their shares, but continue to work within the organisation.
TechMatch was set up in 2004 and serves small and large businesses in the mechanical engineering, electrical engineering, installation engineering, automotive, high-tech, logistics and process engineering sectors. The company has three offices in the Netherlands: Breda, Eindhoven and Nijmegen. With a small pool of 200 external workers, the organisation turned over €10.6 million in 2019. TechMatch will continue to operate under the Continu Group flag with its own brand, TechMatch (powered by Continu Group).
TechMatch’s locations will remain unchanged. However, major synergy advantages will be reaped because the company will use Continu services, as well as software, marketing tooling and the HR platform for the development of in-house staff.
“The merger with the Continu Group is a logical step in TechMatch’s further professionalisation and will help to fulfil our growth ambitions of achieving a turnover of €15 million in 2020. The quality of our service takes top priority at all times. This step will give us access to more resources and expertise than were previously available. It will put us in a position to serve our customers and candidates even better. And that is what it is ultimately about: making the right match,” say former shareholders Wilco Crone and Jan van Vroenhoven.
Continu has been an intermediary in construction and industry for 25 years. In 2019, it placed around 2600 candidates in employment, the majority of them on secondment. The company operates in the Netherlands, Belgium and Germany and works with 260 enthusiastic colleagues spread over more than 20 offices. The head office is in Eindhoven. Continu Group is an operating company of House of HR.
Continu Group previously took over Hardt in December 2018 as part of its buy-and-build strategy. Continu announced its acquisition of MTénV in June 2018. Together, the businesses have 300 in-house staff and a joint turnover of 130 million euros.
Seth Winterscheidt, CEO van Continu Group, says: “The acquisition of TechMatch means that we are once more supplementing and expanding a number of engineering specialisms. Together with TechMatch’s employees, we will make a success of this new chapter and boost the expansion of our client portfolio considerably”.
About House of HR
House of HR is active in Human Resources. The nine operating companies which form part of House have a combined total of more than 500 offices in 10 countries. The businesses generated a consolidated turnover of 1.7 billion euros in 2018. Accent and Covebo work in specialist staffing, TimePartner and Zaquensis in general staffing. Abylsen, Continu, Redmore, TEC and Vialegis provide services in the engineering & consultancy sectors.