Riga, 22. September 2023. Software group Everfield is excited to announce the acquisition of SIA AGroup (“AGroup”), a leading provider of HR solutions in the Baltics and Poland. The acquisition enables AGroup to continue to invest in product innovation and accelerate its growth, with the full support and resources of Everfield. This transaction represents Everfield’s 11th acquisition in the last twelve months.
AGroup is a leading HRM solution provider in the Baltics and Poland with a specialized offering of solutions for multinational corporates with a distributed workforce, well known under the brand “HRB Portal”. Key parts of the offering are mission critical localized payroll, admin HR, time and attendance, self-service functionality for non-professional users, extended workforce management, “soft” HR modules as well as flexible workflow engine customisation and integration capabilities.
“AGroup is a great fit for Everfield as we see HR digitalisation as one of the key areas for development”, emphasised Everfield Head of Acquisitions Henning Schreiber. “AGroup’s outstanding track record, experienced team, and deep domain knowledge perfectly complements our strategic vision. AGroup managed to become an unmatched HRM solution provider in the Baltic countries build around an outstanding innovative product, an excellent team with rich expertise as well as a strong vision to develop further. Thereby AGroup has established a very strong base from which we can grow together and already counts many major companies among their long-standing clients.”
Alexander Snurnitsyn, Co-Founder and CEO of AGroup says: “This transaction offers a unique opportunity to the HRB Portal community. AGroup enjoyed steady organic growth during the last years and with Everfield as a strategic partner we will be able to expand our client offering by focusing even more on building domain knowledge, technology and product development as well as geographic reach by organic and non-organic growth opportunities. We will leverage Everfield’s expertise, capabilities, and investments to continue innovation in human-centric processes digitalization for the benefits our employees and customers.” Henning Schreiber added: “We are thrilled to have Alexander Snurnitsyn and his full team to join the everfield family.”
The AGroup team will continue to be available to customers at the existing locations in Riga, Warsaw, Tallinn and Vilnius. Additionally, along with other companies in the Everfield family, AGroup will leverage Everfield’s know-how to identify and realize its growth potential. “Our strategy is to only make long-term investments”, Everfield CEO Scott Saklad explained. “With AGroup, we therefore focus on organic and non-organic growth, building on the AGroup’s strong fundamentals.”
How can forward-thinking acquisition help your business?
Everfield specialise in buying great B2B software businesses across Europe and helping these businesses to build their legacies and accelerate growth. As part of a “buy-and-grow” strategy, Everfield fully acquires businesses and owns them forever, focusing on long-term partnership and sustainable growth. Acquired companies retain their autonomy to a large extent, while gaining access to the strategic support from Everfield’s operational teams.
Founders and owners can be sure that they are putting their entrepreneurial legacy in good hands.
