Swedish HR-tech firm Assessio acquires People Test Systems
Swedish HR-tech firm Assessio announced the acquisition of People Test Systems. With this acquisition, the Assessio Group is now further expanding in the Nordic region.
Main Capital Partners, Europe’s leading software investor, backed the company in 2019 with the goal for Assessio to become the market leader in Europe for HR-technology and digital recruitment services. In October, Assessio announced the purchase of Eelloo, a technology company specialising in platform solutions for recruitment and employee development.
Together with PTS, Assessio remains focused on its intention to help make the Nordic labour market both fair and inclusive.
“We are so happy to be able to work together with PTS on this shared goal. PTS is well known for its innovative view of HR practices, while their procedures entirely complement the Assessio Group offering. As a market leader in the Nordic region, we will now be able to offer our customers a full-scale suite of products and services, with state-of-the-art tools based on revolutionary research in work psychology,” said Pär Cederholm, CEO and Partner of the Assessio Group.
Assessio has been developing psychological tests for over 65 years. With the active support of Main Capital Partners since 2019, Assessio has developed a cross-border buy-and-build strategy in pursuit of market leadership in Europe for HR-tech and digital solutions for recruitment / talent management.
Since then, Assessio has acquired the Dutch companies HFMtalentindex and Eelloo, which are now part of the Assessio Group. With PTS as its latest addition, the Assessio Group now has approximately 130 employees and offers services to more than 1,500 customers with a combined turnover of more than EUR23 million.
The addition of PTS further strengthens Assessio’s “zero talent waste” philosophy, which aims to allow organisations to recruit more inclusively through the use of data and modern work psychology.