House of Talents acquires Northern neighbour The Human Network
The Belgian House of Talents has acquired the Dutch company The Human Network. This is a momentous event for both parties. For House of Talents it is a logical step in their more internationally oriented growth ambition. It will bring in a lot of extra expertise. This is also a positive development for The Human Network because the company wants to be part of an international professional network. They also expect to learn a lot in the new merger.
Steve Rousseau, CEO of House of Talents, is proud of this international expansion. “Success is an attitude. Combining strengths is in our DNA, which is why we are joining forces with The Human Network. This will ensure further expansion and professionalisation of the existing activities in our group, which will allow us to offer our clients even better service.”
Martijn Kamermans, CEO of The Human Network: “We searched a long time for a company that understands our informal, entrepreneurial and professional culture. I’m happy and proud that we found it with House of Talents. We respect each other’s strengths and try to learn from each other, which will make us even stronger. I look forward to that.”
Daniel Legro of Synergia Capital Partners, the selling investment company: “The Human Network has experienced tremendous development in recent years. With new owner House of Talents on board, we are confident that this trend will continue successfully. We thank the management team, the business managers and all other employees of the group for a very pleasant cooperation and wish them all the best in the future.”
House of Talents was founded by Steve Rousseau in 2008 and now comprises 10 companies: Sales Talents, Care Talents, Financial Talents, HR Talents, Executive Talents, ICT Talents, Food Talents, Science Talents, Technical Talents and Engi Talents. The group deploys around 2000 specialists in various niche markets and operates in Belgium, the Netherlands, France and Germany.
The Human Network was founded in 1995. Its structure is similar to that of House of Talents: it comprises 20 companies that deploy over 500 highly skilled interim professionals in various fields. The 20 specialised brands are Andarr Technology, B-Able, DataDolphins, Digital Marketing Partner, EportaConsult, Giraffe HR, J-Next, PlusTalent, PMO Partner, ProcesConsult, QoppoConsult, Open Cloud Partner, RO Partner, Social Domain Partner, TriamFloat, UX Partner, VerzuimTalent, Whitehorses, XapConsult and Yellotec.
The Human Network is a prominent and fast-growing HR company that focuses on delivering high quality. Every day they strive for the best results to maintain customer loyalty. The professionals at The Human Network benefit from the midlance model, a unique and entrepreneurial compensation system.
The strategy of House of Talents – organic growth combined with acquisitions – continues to be a success. This year we looked at a lot of potential acquisitions at home and abroad. We only pursue a 100% DNA match and choose companies that truly strengthen House of Talents. With the acquisition of The Human Network, we are convinced that we fully cover the major bottleneck professions and are taking the right step towards achieving our international ambitions. Thanks to this acquisition and our strong organic growth, we expect to achieve a turnover of €180 million by the end of 2021.
The sale of The Human Network to House of Talents was facilitated by Corporate Finance International.