AURELIUS takes over TDS HR Services & Solutions from TDS
- TDS HR Services & Solutions is a leading provider of outsourced human-relations (HR) services
- Turnover of approximately EUR 60 million and around 20 locations in the German-speaking countries
Munich, 3. April 2013 – The Munich-based AURELIUS Group (ISIN DE000A0JK2A8) will acquire 100 percent of TDS HR Services & Solutions GmbH (‘TDS HR’). The deal also includes the regional companies, TDS HR Services & Solutions Austria GmbH and TDS HR Services & Solutions Switzerland AG. The seller is Neckarsulm-based TDS AG, a Fujitsu Group subsidiary. TDS HR provides software and business-process outsourcing for human resources (HR) departments. TDS HR is a leading provider in the German-speaking countries which has in recent years experienced continuous growth. The transaction is subject to the approval of the relevant antitrust agency, and should be completed in late April.
In fiscal year 2012/13 (ending March 31, 2013), the company generated sales of approximately EUR 60 million and generated a nearly balanced operating result (according to International Financial Reporting Standards,IFRS). It is active in Germany, Austria and Switzerland, with more than 600 employees working for the company at around 20 locations. TDS HR’s portfolio covers the outsourcing of all processes associated with managing staff for non-profit organizations, as well as medium and large organizations across all industries. In addition to the wage and salary calculation, the service provider manages job applications, the calculation of travel expenses, and other personnel administration. The company currently undertakes approximately 800,000 personnel transactions every month, making it one of the leading providers in Germany.
"With the TDS HR Services & Solutions, we are acquiring a company with substantial potential,” said Donatus Albrecht, on the AURALIUS Board and responsible for the M&A business. “The spin-off company operates in a market with strong future growth and complements our commitment to excellent business services. AURELIUS subsidiaries – Getronics and Connectis – already have considerable experience in the IT and services sector. As part of the AURELIUS Group, the new acquisition will focus on business-oriented IT services in Human Resources. With individual, customized solutions, AURELIUS intends to strengthen the sales and earnings of TDS HR Services & Solutions over the long term.”
“This sale enables us to concentrate on core IT outsourcing business and our portfolio supporting the SAP environment – from consulting to solutions for whole industries and provides everything our customers need for In-Memory-Computing with SAP HANA," said Dr. Heiner Diefenbach, CEO of TDS.