The value of the deal has not been disclosed and was cleared by the Romanian antitrust body earlier this year, the Italian group said in a press release.
Humangest, which entered the Romanian market in 2007, said the acquisition of IHM Total Consult will strengthen its position on the market.
IHM Total Consult is a Romanian human resources company founded in 2004 with offices in Timisoara and Arad, western Romania. In 2018, it was the sixth largest player on the local HR services market, with a turnover of RON106 million (+15% compared with 2017), a net profit of RON2.8 million and approximately 2,000 employees.
Humangest didn’t make the top ten player on the market in 2018. It had a turnover of RON25 million and an average of 400 employees in Romania.