Goldenhill International M&A Advisors today announced that it acted as exclusive M&A advisor to GECO Deutschland (“GECO”), a Recruitment firm based in Germany and specialising in IT, in the sale of the company to leading international talent and outsourcing company Yoh.
The acquisition expands Yoh’s IT specialty staffing practice area internationally and addresses the demand from businesses of all sizes for flexible, on-demand and sustained recruiting for skilled professionals. The transaction closed on March 1, 2018; terms were not disclosed. GECO Asia and GECO Systems were not included in the transaction.
GECO Deutschland is a leader in IT recruitment in Germany with offices in Hamburg and Munich. Specialising in recruiting both hard-to-find SAP talent and critical IT development, networking, infrastructure and support professionals for permanent and contract positions, GECO is celebrating 20 years of success.
Commenting on the value of Goldenhill’s role in the process, Günter Hilger, GECO CEO and founder said, “Goldenhill’s knowledge of the recruitment industry and nearly 20 years’ experience in expertly conducting negotiations in this industry was of significant value to us throughout the sale process. Their blend of industry acumen, global network of contacts combined with knowledge of local markets was a key element to this successful outcome.”