The Adecco Group
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The Adecco Group headquarters in Zurich, Switzerland
|Traded as||SIX: ADEN|
Number of locations
|5,200 branches in over 60 countries and territories|
|Jean-Christophe Deslarzes (Chairman)|
Alain Dehaze (CEO)
|Services||Employment agencies, recruitment, human resource consulting and outsourcing|
|Revenue||€23.42 billion (2019)|
|€904 million (2019)|
|€728 million (2019)|
|Total assets||€10.6 billion (2019)|
|Total equity||€3.9 billion (2019)|
Number of employees
|more than 34,000 (2019)|
They directly employ 700,000 people a day, and with the expansion of its operations to China, the number of people working under them totals up to 3.5 million.
The company was formed in 1996 as a result of the merger of the French company Ecco and the Swiss company Adia Interim, and is listed on the SIX Swiss Exchange (ADEN, ISIN CH0012138605). Adia was established in 1957 in Lausanne (Switzerland) by Henri Lavanchy. Ecco was founded in Lyon (France) at the initiative of Philippe Foriel Destezet. In 2000 The Adecco Group acquired Olsten Staffing, in the US, becoming the number one recruitment company in that country. In 2010, it acquired MPS Group and thus became the number one company worldwide.
As for staffing, The Adecco Group covers many sectors, including office, industrial, technical, financial and legal, amongst others.
- 1957: Adia is founded by Henri Lavanchy in Lausanne, Switzerland
- 1964: Ecco is founded in Lyon, France by Philippe Foriel-Destezet
- 1996: Personnel services firms Ecco and Adia Interim merged to form a global company with annualised revenues of €5.4 billion. Operations were combined to form a network of 2,500 branches and 250,000 staff.
- 2000: The Adecco Group acquired Olsten Staffing. The merged company generated combined revenues of €11.6 billion.
- 2002: The Adecco Group consolidated its businesses and created divisions to manage its business.
- 2005: The Adecco Group expanded across six professional business lines.
- 2006: Following the acquisition of DIS AG, Germany, Dieter Scheiff assumed the position of Chief Executive Officer of The Adecco Group. Dominik de Daniel became Chief Financial Officer.
- 2007: The annual shareholders' meeting approved the nomination of Jürgen Dormann, former Vice Chairman, as Chairman of the Board. Rolf Dörig became Vice-Chairman. Klaus J. Jacobs, the co-founder of Adecco, handed back his mandate, having reached the statutory retirement age.
- 2008: On 11 September, Klaus J. Jacobs, founder and Honorary President of The Adecco Group, died. Jürgen Dormann stepped down at year end, as Chairman of the Board of Directors.
- 2009: Rolf Dörig started as Chairman of the Board of Directors of The Adecco Group. On 1 June, Patrick De Maeseneire took over as Chief Executive Officer of The Adecco Group from Dieter Scheiff. The Adecco Group acquires Spring Group in the UK, and tabled an offer for MPS Group.
- 2010: The acquisition of MPS Group officially closed. The Adecco Group set up a joint venture in Shanghai with Chinese HR services company Fesco.
- 2011: FESCO Adecco began operations on 1 January. The Adecco Group announced the acquisition of US-based Drake Beam Morin, Inc.
- 2012: The Adecco Group acquired VSN Inc., a provider of professional staffing services in Japan. Henri-Ferdinand Lavanchy, the founder of Adia, died.
- 2014: The Adecco Group acquired OnForce to expand its Beeline service offering, creating a unique integrated solution for managing contingent workforces. The Jacobs Group sold the majority of its 18% stake in the Adecco Group.
- 2015: On 11 March, The Adecco Group acquired Knightsbridge Human Capital Solutions, a Canadian company offering career transition, talent and leadership development and recruitment services. On 1 September, Alain Dehaze took over as Chief Executive Officer of The Adecco Group from Patrick De Maeseneire.
- 2016: On 10 May, The Adecco Group closed the acquisition of Penna Consulting Plc, a UK company providing career transition and talent development services, as well as recruitment services.
- 2017: The Adecco Group global headquarters in Zürich moved from Glattbrugg to the city, in Bellerivestrasse.
- 2018: The Adecco Group acquired General Assembly and Vettery
- 2019: The Adecco Group announced the divestment of Soliant Health in the US. The healthcare staffing business was sold to Olympus Partners for a cash consideration of USD 612 million (EUR 551 million).
- 2020: In April 2020, Jean-Christophe Deslarzes is appointed Chair of the Board of Directors. In May 2020, The Adecco Group formed an alliance with Randstad BV and ManpowerGroup, launching new guidance for a safe return to work after the COVID-19 outbreak.
The Adecco Group operates in the market through many different brands. These include:
- Spring Professional
- Badenoch & Clark
- Lee Hecht Harrison
- General Assembly
Following on from their sponsorship between 2002 and 2007; in September 2015, The Adecco Group signed a three-year extension as an international sponsor and Official HR partner of the ITF's two team competitions, Davis Cup by BNP Paribas and Fed Cup by BNP Paribas.
The agreement started with the 2015 Davis Cup World Group semifinals and play-offs and continues through to 2019.
Adecco also sponsored the Norwegian First Division (as Adeccoligaen) from 2005 until 2013.
Modis, one of the Adecco Group's brands dedicated to professional services for IT, engineering and life sciences, becomes the Official Innovation Partner of electric racing championship Formula E, announcing it during the Formula E Rome E-prix in 2018.
Adecco UK Ltd v. Adecco UK Recruitment Ltd
On 10 December 2008, Adecco UK Ltd applied to the Company Names Tribunal under s.69(1)(b) Companies Act 2006 for a change of name of Adecco UK Recruitment Ltd, which had been registered at Companies House since 14 October 2008.
The application went undefended by the respondent and the adjudicator ordered on 3 March 2009 that Adecco UK Recruitment Ltd must change their name within one month. Additionally the respondent was ordered not to cause or permit any steps to be taken to register another company with an offending name which could interfere, due to its similarity, with the goodwill of the applicant.
Adecco UK Recruitment Ltd was also ordered to pay a contribution towards Adecco UK Ltd's costs.
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- Gentle, Stuart (14 May 2020). "Economic recovery post-COVID-19: The Adecco Group, Randstad NV and ManpowerGroup launch guidance for a safe return to work". Onrec. Retrieved 22 May 2020.
- "Manpower - safely back to work in the new normal".
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- "Modis, official Innovation Partner of Formula E for professional solutions. Press release". The Adecco Group and Modis Press office. Archived from the original on 17 May 2019. Retrieved 17 May 2019.
- Adecco UK Ltd v. Adecco UK Recruitment Ltd Archived 3 November 2012 at the Wayback Machine Retrieved 8 October 2014
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