nGAGE; one of the largest privately owned UK recruitment groups has acquired Tien Select, a specialist manufacturing and process white collar recruiter based in the Netherlands.
Tim Cook nGAGE CEO commented. "This is what sets nGAGE apart, we can enable management to accelerate their ambitious growth plans whilst retaining their identity and culture whilst giving them all the benefits of being part of a larger group. Strategically, whilst the sector continues our move to balance the portfolio, it excitingly, adds real horsepower to our international adventures. We now have significant presence in Germany & Holland and the ability to payroll our Group contractors through this latest acquisition to the nGAGE platform will streamline our processes significantly. Holland is a great place to do business - brilliant country, brilliant people. I'm genuinely pumped by this latest addition to the Group.”
Tien's Managing Director, Philip Drabbe, added " Tim's right - it's the nGAGE model that attracted us and will enable us to deliver our management plans to expand and grow our already great business. nGAGE is a natural partner for us and will provide significant capital for expansion. We've had a great journey so far, but this move will take us into a different league. The team and I are ready to 'versnellen' and double the size of Tien."
Philip was the co-founder of Tien back in 2010 with Marinka Potters and Michael Roozen. Tim, Philip and Michael met each other from their days at Hays and have tracked each other's progress over the last decade with interest. Michael will step into an advisory role whilst Philip and Marinka will continue to drive the business forward under Tim's Chairmanship.
nGAGE Group CEO Tim Cook and CFO Andrew Burchall managed the transaction for nGAGE.
nGAGE's Cook said:“Tien has an outstanding track record built over more than a decade. Its specialist engineering focus sits perfectly in nGAGE's STEM offering. We look forward to working with Philip and his team.”
Financial and tax due diligence was carried out by Grant Thornton.
Legal advice was provided by NautaDutilh N.V.
