SD Worx, a Belgian HR service provider, announced that it has acquired Dutch-based Flexpoint Group.

Financial details of the transaction were not disclosed. SD Worx is acquiring all shares of the Dutch HR service provider.

The Flexpoint Group includes a number of companies including Flexpoint, Easymatch Payrolling, Equipe, Trento Engineering, Trace and Redirect.

These companies are active in the fields of temporary employment, secondment (temporary transfers of workers), recruitment & selection, career counselling, outplacement, specific payroll for temporary workers and HR consultancy. The group has been active for more than 20 years and has over 240 full-time employees and has around 50 branches in Belgium and the Netherlands. The group reported a turnover of €160 million in 2017.

For SD Worx, this is the second acquisition within the temporary staffing market following its purchase of VIO Interim last year.

Filip Dierckx, chairman of the Board of Directors of SD Worx Holding, commented, “So there are still a lot of growth opportunities in the staffing market, which goes beyond mere temporary employment. Think of recruitment & selection, assessment, project sourcing and outplacement, specialisations that Flexpoint Group has.”

“Our ambition is to be among the top five in Belgium by 2031 within staffing, and to achieve strong growth outside Belgium,” Dierckx said. “In the Netherlands we want to accelerate the growth plan of the Flexpoint Group.”

The acquisition becomes final once competition authorities approve it.