S&C Advises Adecco on Acquisition of Akka TechnologiesAugust 11, 2021
Adecco has agreed to acquire approximately 60 percent of the outstanding share capital of Akka Technologies, a global leader in engineering research and development (ER&D), in a transaction valued at €2 billion (for 100% of Akka Technologies).
Switzerland-based Adecco will combine Belgium-based Akka with its own company Modis to create the second largest ER&D company in the world, with 50,000 engineers and digital experts providing comprehensive IT, engineering and digital services.
The S&C team advising Adecco includes Olivier de Vilmorin, Arnaud Berdou, Nicolas Karmin, Morgane Praindhui De Beys and Eliza Morawska. Michael Rosenthal, Pierre Moullet, Elisa Hauch, Justin Gibbs, Penelope Bergkamp, Eric Queen and Brad Smith are advising on antitrust matters. Presley Warner, Samuel Saunders and Dermot Costello are advising on financing matters. Nicolas de Boynes and Clémence Seichepine are advising on tax matters. Konstantin Technau, Peter Klormann and Zin Nakam are advising on German matters.