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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