March 16, 2015 – HR solutions company Adecco has acquired Knightsbridge Human Capital Solutions for $80 million in Canadian dollars. Knightsbridge will join Lee Hecht Harrison, Adecco’s outplacement business, and the combined organization in Canada will be co-branded with both the Lee Hecht Harrison and Knightsbridge names. Adecco intends to retain most of Knightsbridge’s executives in the combined organization as well as the firm’s career transition, talent & leadership development, and executive search & recruitment operations. Axsium, a Knightsbridge subsidiary that offers workforce management solutions, will spin off into a separate company and is not being acquired. “Knightsbridge joining forces with Lee Hecht Harrison will significantly benefit the clients of both organizations in Canada and around the world,” said Peter Alcide, president of Lee Hecht Harrison. “Companies today seek to partner with organizations that can globally deliver world-class talent development and career transition services seamlessly and consistently.” Knightsbridge, which currently has 14 offices, offers integrated solutions in executive search & recruitment, leadership & talent development, career management and workforce management.
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