The newly forged collaboration ramps up the turnover of SD Worx in The Netherlands from 5.8 to over 12 million euros, with the workforce doubling in size to 125 employees. As from today, they will be serving over 2,000 clients and calculating 135,000 salaries each month.
SD Worx, present in 28 countries, is the majority shareholder in this joint venture.
Unique offering in The Netherlands
This step now enables SD Worx to deliver an integrated offering of payroll, HR, and Tax & Legal services, which is unique in The Netherlands.
“By joining forces with CTB Personele Systemen, we are making sure that our clients can rely on innovative systems and service delivery more than ever. We have been working closely with CTB for the past fifteen years, which has enabled us to lay a solid foundation to move forward together. In addition, this move sees SD Worx acquiring a prominent position in the construction industry and associated sectors”
says SD Worx Netherlands CEO Mark Bloem.
“Together we will continue to invest in state-of-the-art applications, such as Cobra HRM & Salaries, and a broad-based palette of services to serve our clients”
CTB Investments CEO Rob Jeurissen goes on to add.
HR service provider SD Worx delivers HR solutions across 28 European countries in collaboration with its partners in the Payroll Services Alliance.
“SD Worx pursues a distinctly international growth strategy. The joint venture with CTB Personele Systemen in The Netherlands is wholly in keeping with this strategy. In Europe, we are currently number two in the area of payroll. We are committed to continuing to reinforce this position over the long term, and to maintaining our market leadership in the area of quality”
affirms Steven Van Hoorebeke, CEO of the SD Worx Group.
About SD Worx
SD Worx delivers a full range of quality services in the areas of Payroll, HR and Tax & Legal in 28 European countries, with 2,000 staff serving almost 52,000 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 1,300,000 salaries each month, whilst running its own offices in Amsterdam, Antwerp (HQ), Berlin, Breda, Brussels, Frankfurt, Ghent, Hasselt, Kortrijk, Louvain-La-Neuve, Luxembourg, Liège and Paris. SD Worx is a co-founder of the Payroll Services Alliance whose members jointly handle 5,800,000 salary calculations.
More information: www.sdworx.com
About SD Worx in the Netherlands
In the Netherlands, SD Worx has a proven track record of over 20 years' experience in the areas of payroll administration, social-legal support and HR processes. The Dutch head office is based in Breda.
About CTB Personele Systemen
For more than 40 years, CTB Personele Systemen has been specialising in innovative and reliable HRM and payroll processing systems that are marketed as Cobra HRM & Salaries. Aimed at large and small organisations alike, in every sector of trade and industry.
More information: www.ctb.nl
About CTB Administratie en Advies
CTB Administratie en Advies delivers full payroll administration services from 4 branch offices, including accountancy and corporate tax consultancy geared towards SMEs, with the construction industry as its subspeciality.
More information: www.ctb-aa.nl