Adecco Acquires Drake Beam Morin

August 12, 2011 – Swiss-based HR solutions company Adecco has acquired U.S.-based Drake Beam Morin, Inc., a provider in the career transition and talent development services sector, for an enterprise value of EUR 149 million. The acquisition expands the global footprint of Lee Hecht Harrison beyond its main markets, the U.S. and France, into new geographies, and enhances its scale in markets with an existing presence. Patrick De Maeseneire, CEO of the Adecco Group, said: “I am very pleased that Drake Beam Morin, Inc. is joining forces with Lee Hecht Harrison. The combined businesses will provide a global presence in the outplacement and talent development services sector, enabling us to better serve our clients internationally. This fits very well with our customers’ increasing needs for global solutions across the full range of HR services.”

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