Zalaris ASA: Acquisition of ba.se. GmbH completed - providing platform for strengthened growth in Germany and Central Europe

Zalaris ASA has successfully completed the acquisition of ba.se. service & consulting GmbH ("ba.se"), which was announced on 19 May.

Ba.se. is a leading provider of payroll and HR services within the German retail sector. With this expansion, Zalaris increases its recurring revenue base in Germany, and gains significant expertise within the retail sector.

The acquisition will provide Zalaris with an additional platform for further BPO growth in Germany and Central Europe, and is expected to be accretive (positive impact on multiples and EBIT margin) already in 2021.

The acquired company contributes a team of about 80 employees located in Hagen, near Düsseldorf, as well as a considerable customer base from Germany, Austria, Switzerland and France, including well-known companies, such as Douglas, Christ and Thalia.

"We are very happy that ba.se has become a part of #teamZalaris, bringing together two leading providers within the payroll and HR services industry." says Hans-Petter Mellerud, CEO Zalaris. "With this acquisition, we strengthen our portfolio, boost our manpower and provide our customers with an even better offering in the retail sector."

Harald Goetsch, Executive Vice President DACH: "The merger of Zalaris and ba.se is an exciting opportunity to positively shape the industry for the benefit of existing and potential customers and employees. With ba.se, we are strengthening our expertise, gaining major companies from the highly staffed retail sector as customers, and expanding our local presence in the economically strong Dortmund/Düsseldorf metropolitan region with the new location in Hagen. As a result, we now employ more than 280 people in Germany. The combined resources put us in an even better position to successfully support companies in simplifying their HR and payroll processes."

Financial terms of the transaction will not be disclosed.

Contact: 
 
Hans-Petter Mellerud, CEO and founder 
Mobile: [phone] 
E-mail: [e-mail]

Gunnar Manum, CFO 
Mobile: [phone] 
E-mail: [e-mail]
 

About Zalaris  

Zalaris (OSLO: ZAL) simplify HR and payroll administration, empower you with useful information so that you can invest more in people. We are a leading service provider of Human Experience Management (HXM) solutions across Europe, serving more than 1.5 million employees with an annual revenue of ~78 million Euros (2020). We hold #1 or #2 positions in most of our markets. Our consultants have more than 21 years of experience in transforming HR with our clients. Simplify work life. Achieve more. For more information, go to www.zalaris.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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