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Europe – SD Worx acquires Ceridian UK and Ireland, announce strategic partnership

17 June 2016

Belgian HR service provider SD Worx has acquired global human capital management technology company Ceridian UK and Ceridian Ireland in a full share acquisition.

SD Worx and Ceridian also announced a strategic partnership to deliver cloud human capital management software across Europe.

As part of the transaction, SD Worx has formed a new Mauritius organisation. The existing Ceridian teams supporting the UK and Ireland businesses have been transferred into this entity.

The UK and Ireland business will continue to be led by Doug Sawers and the existing management team.

SD Worx and Ceridian’s strategic partnership will leverage Ceridian’s cloud technology development expertise and SD Worx’s local service capabilities to accelerate growth across Europe. The partnership includes a long-term agreement to develop and deliver global human capital management solutions. Ceridian will continue to expand the Dayforce HCM platform to include native UK payroll and global capabilities for managed payroll, employee system of record, workforce management, and talent management. For service delivery, the partnership will leverage SD Worx’s regional capabilities and knowledge. SD Worx will distribute Dayforce HCM for European-based organisations.

“This partnership and purchase entirely fit within our strategy to continue our international growth and to strengthen our market position,” Steven Van Hoorebeke, CEO of SD Worx Group, said.

“Dayforce is a high-quality product with a great market reputation,” Van Hoorebeke said. “There is a strong need for reliable and robust HR software that can be easily interfaced with existing systems, such as payroll. Ceridian UK and Ireland offer a single platform for payroll, HR and time and attendance, so clients can benefit from a high-level of efficiency. We therefore absolutely believe in this company, its clients, staff, products and services.”

“This partnership is a natural fit for our cloud growth strategy,” David Ossip, Chairman and CEO of Ceridian, said. “Through SD Worx, we gain deep domain knowledge and regional expertise for global platform expansion and service delivery, and increased distribution throughout Europe and the UK. We are very excited with the investment and growth opportunities this partnership presents us with.”

The transaction was closed on 15 June 2016. No financial details were disclosed.