One month after announcing the acquisition of Adecco Uruguay, American firm SGF Global has announced the acquisition of Adecco Ecuador. This strategic move consolidates SGF Global's presence in the workforce solutions sector in the region, granting it significant expansion in the Ecuadorian market.
SGF Global has taken full control of Adecco Ecuador’s operations, integrating its valuable client portfolio and a team of qualified professionals. SGF Global is introducing innovation in the region through new services such as Nearshoring and Employer of Record (EOR), in addition to services like project management, recruitment process outsourcing (RPO), and corporate training, reaffirming its commitment to local and regional development.
Mauricio Sion, CEO of SGF Global, said: "This acquisition represents a crucial milestone in our expansion strategy and positioning in Latin America. We have incorporated Adecco Ecuador’s operations into our global network, reaffirming our commitment to the region and our confidence in Ecuador’s economic potential as a key strategic investment. We firmly believe in Ecuador’s future and economic dynamism, which is why we have chosen to invest here. Additionally, we will strengthen our focus on nearshoring and EOR, designed to meet our clients’ globalization demands.”
Emerging Staffing Brokers, a mergers and acquisitions advisory firm specialized in Ibero-American markets, was involved throughout the entire process that led to the agreement. “The Latin American market presents very interesting opportunities, and SGF has been able to seize them in two key markets such as Uruguay and Ecuador,” stated Eugenio Micheletti, Co-Founder and Director of the firm.
“The workforce solutions market in Latin America is experiencing a unique moment: some companies are focusing on strategic markets, while new players are consolidating their presence in the region with innovative solutions,” said Martín Padulla, CEO of Staffingamericalatina and Co-Founder and Director of Emerging.
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