House of HR announced that it has signed an agreement to acquire the German company Pluss, which specialises in temporary recruitment in healthcare and social services.

House of HR is acquiring 100% of Pluss. The acquisition is subject to the approval of the German competition authority. The agreement will come from funds managed by BIP Capital Partners, Luxembourg.

The acquisition of Pluss, which was founded in 1984, is expected to be completed in Q1 2023. The acquisition would be House of HR’s third in the German healthcare staffing solutions area, after it acquired Avanti in 2021 and LD Personalvermittlung in 2022. House of HR said these acquisitions will generate synergies and enable the companies to expand together.

Rika Coppens, CEO of House of HR, said, “Healthcare is a strategically very important sector for us. With an aging population in Europe and global health challenges coming our way, the healthcare sector will play an even more indispensable role in our economies in the coming years. With this acquisition we will become one of the largest HR healthcare providers in Germany, together with avanti and LD Personalvermittlung. By joining forces, we aim to grow further in the entire DACH region.”

Pluss finds staffing solutions for profiles such as nurses, social pedagogues, educators, physicians and anaesthesiologists. The company also offers recruitment for craft, industry and office employees, continuing to support the areas it focused on when it started in 1984, although today this only accounts for 25% of the business.

The group has an expected turnover of €157 million in 2022. Pluss has 48 locations throughout Germany. With House of HR’s support, the plan is to upscale to 55 locations this year.

Pluss, headquartered in Hamburg, employs 470 people and is responsible for the employment of over 3,000 people.

Christian Baumann and Wolfgang Ungerathen will stay on board as Managing Directors, as well as the full management.

Baumann said, “We are thrilled to become a part of House of HR and to be able to start working together with our colleagues from avanti and LD Personalvermittlung. Germany is a very big market with many small players in our business but if we want to grow, professionalise and further digitalise our business, we feel the need to be part of one bigger structure. In this constellation, where we will have a relevant joint market share, we will be able to offer even better services and to grow faster.”

Further financial details were not disclosed.