ba.se had revenue of EUR 6.1 million for the year ended 30 September 2020. The transaction will be financed from available cash, and is expected to be accreditive already in 2021. The purchase price consists of an up-front payment and a performance-based element. The transaction will close in Q2 2021, but will have key milestones for performance during the period 2021 to 2023.
The deal joins two leading providers of payroll and HR services in Germany and significantly enhances Zalaris presence and capability to serve the people intensive retail sector.
ba.se serves approximately 30’000 employees of numerous large German, Austrian, Swiss and French customers with a team of around 80 people located in Hagen near Düsseldorf, Germany. Zalaris would like to extend a warm welcome to our new colleagues from ba.se.
“The combination of Zalaris and ba.se represents a good match as we both have built our delivery capability on SAPs leading payroll and HR solutions. The addition of the ba.se team with their long experience in the demanding retail sector will increase our ability to serve this interesting customer segment and with immediate effect - increase our critical mass within payroll and HR BPO in Germany”, says CEO and founder Hans-Petter Mellerud of Zalaris.
“I am truly impressed with the Zalaris’ technical competence and modern digital solutions and believe this will strengthen our ability to deliver efficient digitised services to our existing customers and increase our capability of winning new deals” says Managing Director of ba.se, Walter Backhaus.
“We look forward to strengthening our team with ba.se. In addition to increasing our critical volume and presence in the retail industry, ba.se. will give us a new strategic location close to many of our existing and potential new customers in the Düsseldorf area. In total – this will make us more than 280 people strong in Germany and one of the leading players in payroll and HR outsourcing as well as related consulting services” says Executive Vice President DACH, Harald Goetsch.
Financial terms of the transaction are not disclosed.
Hans-Petter Mellerud, CEO and founder
Mobile: +47 928 97 276
Gunnar Manum, CFO
Mobile: +47 951 79 190
Harald Goetsch, EVP DACH
Mobile: +49 151 16128811
Walter Backhaus, Managing Director, ba.se service & consulting GmbH
Mobile: +49 175 22 46193
Zalaris simplify HR and payroll administration, and empower you with useful information so that you can invest more in people. We are a leading service provider of Human Capital Management (HCM) solutions across Europe, serving more than 1.5 million employees monthly 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 about us, go to zalaris.com.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About ba.se service & consulting GmbH
As a sustainable service company, ba.se has specialized in the areas of payroll, accounting, document management and real estate management and can look back on decades of experience in this field. ba.se integrates the input and output management of companies. Through digitization and data extraction, it is thus possible to seamlessly integrate all important business processes. Thanks to SAP, IKS and various add-ons, the company's figures speak for themselves - for the optimum overview.
For more information, go to www.base-service-hagen.de