Timecraft Group has been acquired by Actief Group
February 2017 — The private shareholders of Timecraft Group have sold the company to Actief Group. Financial details have not been disclosed.
Timecraft Group was founded in 1991 by Boris and Cornelia Foltin in Regensburg, Germany, and is a leading temporary employment firm with a strong presence in Bavaria. A regional coverage of 12 locations and its proximity to customers and employees are Timecraft's competitive advantages, for which the company has won several awards. Timecraft's core service is the provision of commercial temporary employment services in the areas of industrial and manufacturing, office and finance, and IT services and engineering. In 2016, the company generated sales of approximately US$40 million.
Actief Group is one of the largest independent and growing temporary employment firms in Western Europe. Established in 1988, Actief has achieved a leading market position in Belgium over the last 25 years and now has a network of 66 branches with sales of approximately US$265 million. Supported by the majority shareholder Gilde Equity Management Benelux, turnover has almost tripled over the past six years. This has been accomplished through international expansion, starting in 2014 with the acquisition of TiP and of Tence in 2015, both located in the Netherlands. In 2015, Actief entered the German market via the acquisition of ISU personnel services in Karlsruhe. The group now operates under three brand names: Actief Interim in Belgium, Actief Werkt! in the Netherlands and Actief Personalmanagement in Germany.
Our role in the transaction
Oaklins' team in Germany exclusively advised Timecraft Group’s private shareholders in this international sale. From over 50 national and international candidates and with the help of Oaklins’ team in the Netherlands, Actief Group was identified as the ideal buyer, acquiring 100% of the business.
Talk to the deal team
Related deals
Comtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn more