Heidrick & Struggles Acquires Management Solutions Provider Atreus

Heidrick & Struggles International Inc HSII has agreed to acquire Atreus, an interim management solutions provider in Germany. The financial terms of the acquisition were not disclosed.
Atreus generated annual revenue of approximately $61 million in 2021.
Atreus will become part of Heidrick & Struggles' existing on-demand talent offering that includes U.S.-based Business Talent Group (BTG), acquired in 2021.
Atreus will continue to be led by Co-CEOs, Harald Linné and Rainer Nagel.
Atreus operate as a wholly owned subsidiary of Heidrick & Struggles.
The acquisition is expected to occur early in the first quarter of 2023.
Heidrick held cash and equivalents of $456.0 million as of September 30, 2022.
Price Action: HSII shares closed higher by 2.48% at $28.50 on Thursday.

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