Kirchner and Company, Inc. acted as M&A Advisor and Agent to Axsium Group Inc.
Toronto, Ontario, 3 July, 2008 – Knightsbridge, Canada’s leading integrated human capital solutions provider, today announced the acquisition of Axsium Group Inc., North America’s leading consultancy in workforce management solutions.
The acquisition will allow Knightsbridge to provide the broadest range of human capital resources services in Canada and to access Axsium’s large Fortune 500 customer base in the United States. The acquisition expands Knightsbridge’s range of services – including talent attraction, organizational and leadership development, career management and transition and workforce management.
“Axsium Group Inc. is a perfect strategic fit that uniquely positions Knightsbridge to further build its breadth and depth of human capital services in Canada and to expand our reach into the United States,”
said David Shaw, Founder and CEO, Knightsbridge. “This milestone union will add exceptional workforce management domain expertise to our arsenal of integrated human capital solutions consultants, expanding the reach, depth and speed at which we manage customers’ workforce and talent challenges.”
“Workforce management has a direct impact on an organization’s bottom line; strategic solutions can reduce labour costs, improve productivity, improve customer satisfaction, increase revenues and improve employee satisfaction and retention,” said Tim Lett, Founder and Managing Partner, Axsium Group Inc. “Merging with Knightsbridge will allow us to help more organizations, especially in Canada, to even further improve their performance by offering a full complement of talent management services.”
Post acquisition, Axsium Group will maintain its brand and operate within the Knightsbridge group of companies focusing on workforce management consulting services. The acquisition will expand Knightsbridge’s team with Axsium’s 75 business and technical experts.
Financial details of the acquisition have not been disclosed.
First in Canada to apply a holistic approach to human capital solutions, Knightsbridge delivers integrated, sustainable solutions to complex human capital challenges. The company’s broad reaching services include talent attraction through its Executive Search and Interim management businesses, talent retention and engagement including organizational and leadership development, coaching and assessment and career management and transition. Knightsbridge is a strategic partner who works to align clients’ talent strategy to business strategy.
Knightsbridge has 22 offices across Canada and the U.S. including the major cities of Halifax, Montreal, Toronto, Calgary and Vancouver and serves clients outside of the country through strategic alliances with Penna plc in the United Kingdom, Lee Hecht Harrison with its complement of career management services in the U.S. and Amrop Hever, a global Executive Search partnership of which Knightsbridge is a member.
The company employs more than 150 people in offices worldwide and is able to serve clients in 13 languages. Following the acquisition Knightsbridge will employ over 220 people in Canada and the U.S. For more information, visit www.knightsbridge.ca.
About Axsium Group Inc.
Axsium Group Inc. is the industry leader in Workforce Management consulting, dedicated to delivering business and technology advisory services to large, highly distributed organizations. With a singular focus on Workforce Management and through a combination of business and technology best practice expertise, our clients gain access to trusted business advisors and technology experts with unmatched experience. Axsium Group has worked with world-class workforce management solutions for customers such as International Paper, Safeway, American Eagle, Bank of America, Raley’s and Duane Reade. For more information, visit www.axsiumgroup.com.
For further information
Melinda McInnes or Dianna Young
Cohn & Wolfe,
Liz Roth, Marketing Manager
(416) 849-5400 x5442