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Sweden - Madeo Sourcing acquired by ZeroChaos

28 July 2011

ZeroChaos, the workforce solutions company headquartered in Orlando, Florida has announced the acquisition of Madeo Sourcing Group AB, one of the fastest-growing providers of consulting services procurement in the Nordics.
 
Madeo has recognised experience and expertise in consultant brokerage, outsourcing procurement, and recruitment outsourcing for the IT industry. Madeo's sales have outstripped most competitors consistently over the last five years, with an average increase of more than +160% annually.

Harold Mills, CEO of ZeroChaos, commented "based in Stockholm, Sweden, Madeo continues ZeroChaos' global expansion and growth initiatives by ZeroChoas in the last several years to enhance its service offerings and global strength and capabilities. Particularly in the Nordic and Eastern European markets, where Madeo already has a strong foothold, the skills and capabilities developed by Madeo will significantly strengthen our portfolio of services and market presence."
 
All Madeo employees will join ZeroChaos as of 28 July 2011, thereby strengthening its global presence and local delivery capability.

Anders Gratte, CEO, Founder and principal shareholder of Madeo, said "I am proud to be able to work together with Harold Mills and join the ZeroChaos team. ZeroChaos is driven by the same entrepreneurial spirit as Madeo. We are a perfect fit for their organisation. The merger gives us the infrastructure, the international backbone and financial strength for a continued and successful expansion in all of our markets."

Deal metrics were not made available.