People2.0, the global employer of record (EOR) and agent of record (AOR) services platform, announced that it has acquired Husys, an India-based end-to-end HR consulting and EOR services provider. The transaction marks People2.0’s fifth acquisition in the past year as it continues to expand its footprint and suite of employer of record (EOR) and AOR services.
What were the executives’ thoughts on the transaction?
“Not only is it an honor to partner with a proven EOR services provider like Husys, but it signifies another vital step in our mission to be recognized globally as the leading enabler of flexible and mobile work arrangements,” said Erik Vonk, Executive Chairman and CEO.
Commenting on the deal, CEO and founder, GR Reddy, said, “Having just celebrated our 20-year anniversary, we have been reflecting on how far Husys has come and the opportunities we have ahead of us in the ever-changing world of work. We are grateful to our customers, employees, and partners that have enabled us to get this far. We are excited for the future and the benefits our teams and customers will get as we join the People2.0 family.”
What does Husys bring to People2.0’s portfolio?
This acquisition expands People2.0’s capabilities to service conglomerates in the rapidly growing India market, while providing Husys with additional capabilities around the world.
In March, People2.0 announced the acquisition of Abu-Dhabi based EOR/AOR services provider BOTH, expanding its footprint to include the growing MENA market. In April, the acquisition of the Ayers Group in Sydney solidified People2.0’s market leadership position in Australia. Last month, People2.0 expanded its service offerings through the acquisition of the Brookson Group, a UK-based provider of support services to independent contractors.
The Husys team will be joining People2.0’s regional APAC operations to ensure relational continuity and enable them to guide clients in making the best use of People2.0’s resources. In the coming months, Husys will begin its transition to the People2.0 name and brand.
Further details of the deal have not been disclosed.