Fintech PR
HR Path Acquires IN-RGY, Expanding Global Reach and Strengthening Canadian Market Presence
PARIS, Oct. 8, 2024 /PRNewswire/ — HR Path, a global leader in HR consulting, has announced the acquisition of IN-RGY, a renowned HR consulting firm specializing in HR digital transformation. This strategic acquisition further solidifies HR Path’s position as a leader in HR transformations and expands its global reach.
IN-RGY, with its strong presence in the Canadian market, has established itself as a leader in delivering quality HR solutions and services. With solid partnerships with solution providers such as SAP SuccessFactors, WorkForce Software, and UKG, IN-RGY has built a strong reputation for its expertise and innovative approach to HR digital transformation.
The decision for IN-RGY to join HR Path comes after a long-standing relationship between the founders of both companies. While IN-RGY had been actively seeking to expand its global reach through acquisitions, the strong bond and shared vision between HR Path and IN-RGY founders led to the decision for IN-RGY to become part of HR Path.
“We are excited to join forces with HR Path and become part of their global organization,” said Sébastien Massicotte, Founder and CEO of IN-RGY. “This acquisition by HR Path represents a major milestone in our development. By joining forces with a world-renowned company, we have the opportunity to strengthen our service offering and increase our impact on the market. Our customers, both existing and potential, will benefit from expanded expertise and a range of innovative solutions. What’s more, our teams will have access to rewarding career prospects, participate in diversified projects and join an international team committed to excelling in meeting our customers’ needs.“
Marie-Soleil Boucher, President at IN-RGY, added, “IN-RGY has always been committed to providing innovative HR solutions that empower organizations. By joining HR Path, we can leverage their global resources and expertise, for example in BPO and advisory services, to further enhance our offerings and deliver exceptional results for our clients.”
The acquisition of IN-RGY by HR Path follows HR Path’s recent success in securing a record €500 million fundraising from Ardian, a world-leading private investment house. This funding has enabled HR Path to accelerate its international acquisition strategy and consolidate its position as a leader in HR transformations.
Frédéric Van Bellinghen, Partner at HR Path, added, “IN-RGY’s mission to empower organizations with innovative HR solutions strongly resonates with our own commitment to delivering exceptional client experiences. Together, we will continue to push the boundaries of HR technology and provide our clients with the tools they need to thrive in today’s rapidly evolving business landscape, offering solutions such as SAP SuccessFactors, Workday, WorkForce Software, and UKG.“
“We are delighted to welcome IN-RGY to the HR Path family,” said François Boulet, co-founder and CEO of HR Path. “Their strong position in the Canadian market, combined with their expertise and partnerships, perfectly aligns with our growth strategy. We are on a clear path to becoming the undisputed leader in HRIS across North America This acquisition strengthens our capabilities and allows us to better serve our clients globally.”
“Desjardins Capital and Siparex, as of co-Funds managers, through their partnership in the Transatlantic Fund, are proud to have been able to contribute to making IN-RGY a Quebec leader in human resources digital transformation. HR Path will benefit from a group of dedicated employees who will act as a catalyst to accelerate the French group’s presence in North America. This transaction is synonymous with a mission accomplished while the objective of our partnership is to co-invest in European and Quebec ecosystem to support expansion projects or acquisition efforts on each side of the Atlantic. We are confident that HR Path has all the expertise necessary to pursue IN-RGY’s growth plan,” say Nathalie Bernard, Chief Operating Officer of Desjardins Capital and Bertrand Rambaud, President of Siparex.
As part of the acquisition, IN-RGY will continue to operate as usual and will be identified as “IN-RGY, an HR Path Company.” The entire leadership team and employees of IN-RGY will remain in their current roles, ensuring a seamless transition and continuity of service for clients.
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Contact: Fabienne LATOUR – [email protected]
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- Closing of transaction following the approval by all required regulatory bodies
- Acquisition of industry leader in installation services, equipment, and technical facility management
- The company serves high-tech industries such as semiconductor, biopharma, and batteries
- Further strengthening of Exyte’s Technology & Services business
STUTTGART, Germany, Oct. 16, 2024 /PRNewswire/ — Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has completed the acquisition of Kinetics Group. The transaction, announced in April 2024, closed on October 15, 2024, following receipt of all required regulatory approvals.
Kinetics is a globally recognized leader in installation services, equipment, and technical facility management. The company’s expertise spans the biopharma, semiconductor, and high-tech industries, with operations across Asia, Europe, and North America. With the acquisition of Kinetics, Exyte significantly enhances the portfolio of its Technology & Services business area, reinforcing its position as a leader in high-tech facility solutions while also increasing its regional coverage.
“Through the acquisition of Kinetics, we are strengthening our capabilities and expanding our service offerings,” says Exyte CEO Dr. Wolfgang Büchele. “Kinetics is an ideal addition to Exyte, allowing us to capitalize on the ongoing investments in high-tech facilities. Together, we will leverage new opportunities and continue providing our clients with innovative solutions.”
With the transaction, Exyte also ventures into the field of technical facility management. Technical facility management services enable Exyte to extend its business activities beyond the engineering, planning, and construction phases, ensuring the continuity of its client relationships by offering services during operations.
Kinetics CEO Peter Maris adds: “Joining forces with Exyte provides Kinetics with a strategic partner committed to our sustained growth and excellence. Together, we will continue to serve our global clients with enhanced expertise and a broader range of high-tech solutions, ensuring ongoing success and innovation.”
Strategic expansion of Technology & Services
Kinetics will operate within Exyte’s business area Technology & Services, leveraging the combined strengths to foster innovation and growth. The business area consists of entities that provide cleanroom technology, installation services, and equipment for subsystems to their clients as well as off-site manufacturing (OSM). Exyte is currently pursuing its “Pathway to Ten” with the goal to achieve ten billion euros in sales by 2027. The business area Technology & Services is expected to contribute significantly to the company’s success in the coming years.
About Exyte
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9,900 employees worldwide. www.exyte.net
More information about Kinetics can be found on www.kinetics.net.
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Contact
Samy Abdel Aal
Public Relations Manager
Phone: +49 711 88044696
Mobil: +49 172 840 33 01
[email protected]
www.exyte.net
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Fintech PR
Hastee reaches profitability as Earned Wage Access solutions become the norm for top employers
LONDON, Oct. 16, 2024 /PRNewswire/ — Hastee, one of Europe’s leading providers of earned wage access (EWA) and financial wellbeing solutions, is proud to announce that it has reached profitability. This marks a significant milestone in its journey to empower employees with greater financial flexibility and control. The achievement comes amid rising demand for on-demand pay solutions, with destination employers now frequently citing these as a necessary benefit to attract, retain, and engage staff.
Founded with a mission to improve the financial resilience of workers, Hastee has grown rapidly since its launch and now has over 350 employer clients spanning nearly all sectors. Notable customers include global leaders in hospitality (such as McDonald’s, Domino’s and Taco Bell), top international retailers (such as IKEA, Mediamarkt and DIA), major healthcare organisations (such as Bupa and the NHS), and many more of the world’s leading employers (such as Unilever, PayPal, Iberia Express and EY).
Hastee operates in 4 of the 5 largest European markets for earned wage access: UK, Spain, Ireland, and Portugal. In 2020, Hastee acquired Typs, one of Southern Europe’s leading financial wellbeing solutions, enabling Hastee to build a unique multi-language, multi-currency, and flexible platform ready for further international scaling. Hastee is majority-owned by IDC, a multi-fund platform with $2.2B AUM, through its innovation vertical IDC Ventures.
Hastee’s solution is built on 3 pillars of financial wellbeing: Earn, Learn, and Grow. Employees can use the award-winning Hastee app to track their earnings, access earned pay flexibly, receive personalized bite-sized financial education and save directly from their payroll. The app is one of the most popular financial wellbeing apps in the Apple App Store and Google Play Store, with a user rating of 4.7 in each.
“We are extremely proud to be among the very first EWA providers globally to reach profitability,” commented Hastee CEO Jaime Jimenez. “The combination of rapid growth of our customer base alongside a cautious approach to spending has paid off: we have built a highly sustainable business that can service its clients without the need for further external funding.”
Jimenez continued: “Financial wellbeing has risen to the very top of the agenda among HR leaders, and we are honoured to have a role to play in supporting employees improve their financial health, while also helping our clients reach their ambitious ESG targets.”
“We are thrilled to support Hastee in reaching this pivotal moment,” shared Alejandro Rodriguez, co-founder and Managing Partner at IDC Ventures. “Hastee’s focus on financial wellbeing aligns perfectly with IDC Ventures’ mission of backing impactful companies that make a positive difference. We’re excited to be part of this journey, providing real value to both the end users and our partners. This achievement reflects the strength of Hastee’s model and the growing importance of solutions that empower individuals to take control of their financial health.”
About Hastee
Hastee is a financial wellness platform that allows employees to access a portion of their earned wages before payday, helping them manage cash flow and avoid debt. The platform integrates with employers’ payroll systems and provides users with flexible, on-demand access to their earnings. Hastee currently has over 350 employer clients spanning nearly all sectors. Learn more by visiting Hastee.com.
About IDC Ventures
IDC Ventures (IDCV) is a venture capital platform within IDC Network, a global multi-fund asset manager. Serving as the Partner of Choice for over 150 family offices across 30 countries, IDCV offers a diverse range of venture capital opportunities including proprietary funds, co-investments, and co-managed funds in collaboration with industry-leading managers. With $500M in assets under management, IDCV typically leads funding rounds and holds board seats, offering founders guidance drawn from deep expertise in entrepreneurship, banking, law, and consulting. Since its inception in 2019, IDCV has backed transformative founders from Series A to growth stages, with a primary focus on fintech and marketplaces in Europe, the US, and Latin America—particularly Brazil and Mexico. For more information, visit IDCVentures.com.
Media Contact:
Ernesto Bernado
[email protected]
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OSLO, Norway, Oct. 16, 2024 /PRNewswire/ — Akastor ASA invites investors and analysts to a webcast presentation of the third quarter 2024 financial results on Wednesday, 30 October 2024.
Date and time:
Wednesday, 30 October 2024, at 15:00 CET
Presenters:
- Akastor: Karl Erik Kjelstad, CEO, and Øyvind Paaske, CFO
- HMH: Thomas McGee, CFO, and David Bratton, SVP FP&A and Operational Finance
Link to webcast:
https://akercreativehub.eventcdn.net/events/akastor-audiocast-q3-2024
Questions can be submitted throughout the streaming event. The presentation material will be published on www.akastor.com and www.newsweb.no at 07:00 CET on 30 October.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Mob: +47 917 59 705
E-mail: [email protected]
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.co.uk/news-releases/akastor-asa-invitation-to-presentation-of-third-quarter-2024-results-302277549.html
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