SD Worx acquires German company fidelis HR

Antwerp, Belgian HR service provider SD Worx acquires German company fidelis HR. An agreement was signed on Friday (11th of March). Fidelis HR employs 629 people and saw a turnover in 2015 of 55 million euros. With the acquisition, SD Worx becomes the second-biggest payroll provider in Germany and also strengthens its position of second on the European market. 

fidelis HR was taken over in 2013 by the listed company Aurelius and was previously known as TDS HR Services & Solutions. The company provides a total HR service and calculates almost one million salaries every month for six thousand clients in the public and private sectors. Besides payroll administration, also in outsourcing, the company is specialised in, among other things, personnel administration, benefit management and HR software.

Continuity

The employees of both companies have considerable experience and knowledge and the range of services will be continued. In this way, the customers can continue to rely on a high-quality service provision and continuity is assured.

“This takeover entirely fits within our strategy to continue our international growth and so to strengthen our position in the market. SD Worx Germany will gain several big national and international companies as clients and will increase its share in the public sector considerably: 45% of the sales of fidelis HR are obtained through services to the government. The two companies are therefore strongly complementary. In addition, they have a similar corporate culture, a similar range of services and a good geographical spread in Germany”, says Steven Van Hoorebeke, CEO of the SD Worx Group.

“Germany is one of the biggest and most important markets in Europe for HR service provision, and still has a lot of growth potential to offer. The new entity is an ideal basis for exploiting this potential jointly in the future”, says Jörg John, manager at fidelis HR.

About SD Worx

SD Worx delivers a full range of quality services in the areas of Payroll, HR and Tax & Legal in Europe, the Americas and Canada, with more than 2,700 staff serving more than 60,000 clients, offering salary calculations, training, HR research, social-legal, tax and HR-related consultancy services, specialist software for personnel departments and on-site support.

SD Worx calculates about 2,35 million salaries each month, whilst running its own offices in Belgium, France, Germany, Luxembourg and The Netherlands. SD Worx is a co-founder of the Payroll Services Alliance whose members jointly handle 31 million salary calculations.

More information: www.sdworx.com

 

Contact us
Jan Van Mol Head of International Marketing , SD Worx
Joy Delagrange Account Executive, Grayling
Jan Van Mol Head of International Marketing , SD Worx
Joy Delagrange Account Executive, Grayling
About SD Worx

As a leading European payroll and HR services provider, SD Worx provides a wide range of solutions to customers worldwide including payroll and HR, legal support, training, automation, consulting and outsourcing. Today, more than 63,000 large and small organisations across the globe rely on the more than 70 years of expertise that SD Worx has acquired.

SD Worx’s 3,900 employees operate in ten countries made up of Belgium (HQ), Austria, France, Germany, Ireland, Luxembourg, Mauritius, the Netherlands, Switzerland and the United Kingdom. SD Worx calculates salaries for about 4.25 million employees and recorded in 2016 a turnover of €397 million. SD Worx is the co-founder of the Payroll Services Alliance, a global strategic network of leading payroll companies whose members jointly handle 32 million salary calculations.

More information: www.sdworx.com