Press

SD Worx, the leading European HR and payroll solutions provider, has successfully closed the acquisition of F2A, the Italian market leader in HR and payroll. With this transaction, SD Worx has taken a quantum leap in its expansion strategy to help customers of any size across Europe with their HR and payroll through software, managed services and expertise. 

Six out of ten European employees consider salary to be the most important factor when choosing an organisation. At the same time, it’s also the main reason for leaving a company. Almost four out of ten (37%) employees are satisfied with their pay package as a whole, while around one-third (31%) are neutral and one-quarter (26%) are dissatisfied. In addition to a fixed salary, companies often offer other forms of remuneration, but they do not always correspond to employees' wishes. As an example, 40% would like extra leave days, but only 30% have this option. What’s more, employees often don’t have a clear picture of the total value of their salary package, which is crucial when it comes to knowing how much they actually earn. These findings and more are the results of an international survey conducted by European HR service provider SD Worx among more than 5,000 companies and 18,000 employees in 18 European countries.

European HR service provider SD Worx has appointed Tim van der Wal as Consulting Director of SD Worx SAP Solutions in the Netherlands, the organisation’s specialised SAP team. In this role, van der Wal will report directly to Alejandro Arco, SAP Delivery Director.

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 581.8 million in the first half of the year, an increase of 10.9% compared to the first half of 2023 (EUR 524.6 million). The consolidated adjusted EBITDA grew 36.7% from EUR 88.5 million in the first half of last year to EUR 121.0 million during the first six months of 2024. The consolidated net result increased from EUR 42.5 million in the first two quarters last year to EUR 54.9 million in the first half of this year.

SD Worx Staffing Solutions has acquired TMF Jobs, a recruitment and temporary employment agency focused on European cross-border workers.  With this transaction SD Worx Staffing Solutions reinforces its market position and expands its presence in the Netherlands. SD Worx Staffing Solutions is a division of SD Worx and focuses on the flexible labour market in Belgium and The Netherlands.

Ardian, a world-leading private investment house, and SD Worx, one of the main European HR and payroll solutions providers, have reached an agreement for the sale of F2A, the leading Italian HR and payroll solutions provider controlled by Ardian since February 2016. With this transaction, SD Worx will expand its offering and geographical footprint and accelerate its growth in the European HR and payroll solutions industry. The transaction is subject to customary regulatory approvals.