Brief: Adecco CEO Says Akka Deal Is Biggest In Company's History

Advanced Enzyme Technologies

28/07/2021 06:32

July 28 (Reuters) - 
    * ADECCO SAYS  AGREES TO BUY AKKA TECHNOLOGIES IN 2 BILLION
EURO
DEAL
    * ADECCO SAYS  EXPECTS DEAL TO BE COMPLETED IN H1 2022
    * ADECCO SAYS  REVENUE SYNERGIES OF 200 MILLION EUROS AND
COST
SYNERGIES OF 65 MILLION EUROS IDENTIFIED
    * ADECCO SAYS  DEAL INCREASES COMPANY'S EXPOSURE TO HIGH
VALUE,
TECH SERVICES IN LESS CYCLICAL MARKETS
    * ADECCO SAYS  DEAL WILL BE MARGIN AND EPS ACCRETIVE IN YEAR
ONE,
EVA POSITIVE FROM YEAR THREE
    * ADECCO CEO SAYS  AKKA DEAL IS BIGGEST IN COMPANY'S HISTORY
    * ADECCO CEO SAYS  DEAL WILL BE DOUBLE DIGIT ACCRETIVE FOR
EPS
FROM YEAR 2

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 (Reporting by John Revill)
 ((John.Revill@thomsonreuters.com;))