Daily News

View All News

Germany – Heidrick & Struggles closes on acquisition of executive interim management provider

02 February 2023

Heidrick & Struggles International Inc. closed on its acquisition of Atreus, a provider of executive interim management in Germany.

Atreus will constitute Heidrick’s on-demand talent segment along with US-based Business Talent Group, which Heidrick acquired in 2021.

“Our on-demand talent business is core to our overall growth strategy and a key client imperative that will only accelerate as companies continue to seek alternative ways to approach talent management with speed, agility and flexibility — whether it’s through on-demand access to executive leaders for interim roles or strategic project work,” said Krishnan Rajagopalan, Heidrick president and CEO.

The deal had initially been announced in January.

“The acquisition of Atreus is a highly complementary investment for Heidrick & Struggles,” Rajagopalan said. “The addition of Germany, a strategically important market for the firm, along with our existing on-demand talent businesses in the United States and the United Kingdom, gives us a strong springboard to scale this powerful platform across Europe and globally.”

Plans call for the Atreus brand to remain. In addition, Atreus’ management team, lead by Harald Linné and Rainer Nagel, will remain in place.

Terms of the transaction were not announced.