17 January 2023
The Pion Group (POOL-B:STO), beforehand referred to as Poolia, introduced that it has acquired Swedish HR tech firm Whippy, an SaaS (software program as a service) answer for on- and off-boarding.
The group has acquired 40% of the shares in Whippy by a brand new subject. The acquisition takes place with impact from at this time and Pion Group will contribute SEK 4 million (€354,462) to Whippy within the new share subject. On the similar time, Pion Group will get an possibility to accumulate a further 40% of the shares in Whippy in 2025.
Whippy’s sellers are its founders Paulin Larsen Berglöf and Emma Lindgren. The duo will proceed to run and function the corporate below their present model.
The worth of the transaction was not disclosed.
Whippy was established in 2019 and has a robust market place in digital on- and off-boarding with clients in each the non-public and public sectors. The corporate says that along with strong expertise in tailoring managerial and worker processes through the first and final crucial interval of employment, it specialises in measuring and evaluating the processes.
In 2023, Whippy is anticipated to have a turnover of near SEK 6 million (€531,693) with an EBIT of simply over SEK 1 million (€88,615).
Jan Bengtsson, CEO Pion Group, stated, “Via our entry into Whippy, we acquire entry to Whippy’s on- and offboarding experience in addition to their SaaS answer for on- and offboarding. Whippy’s digital answer gives clear and measurable outcomes for managers and workers the place 50% of workers who’ve undergone Whippy’s course of ship above the supervisor’s expectations within the first quarter. Via the acquisition, we take one other step nearer to our imaginative and prescient, A world the place folks matter, powered by tech, the place we strengthen our supply inside HR-Tech. Right this moment, our clients largely request help within the processes that Whippy gives. Collectively we are going to get a really sturdy buyer providing.”
Larsen Berglöf added, “We’re proud to be a part of the Pion Group and with their sturdy manufacturers we can be much more profitable. It was felt early on that we match collectively from a cultural perspective, but additionally from our bold targets. Whippy can be a complement to Pion Group’s enterprise that can make it attainable so as to add worth in much more steps within the worker cycle.”
On the similar time, Whippy additionally introduced that it has acquired Henry Labs AB, proprietor of the SaaS platform Typelane, which specialises in digital on- and offboarding. Whippy has been a reseller of Typelane since 2019, after evaluating lots of the present onboarding strategies within the Swedish and Nordic markets.
The group stated that Pion’s funding permits this acquisition.
“By being a part of the Pion household, we additionally get entry to a big community and good competence in HR that may strengthen our progress,” Larsen Berglöf added. “It feels extremely enjoyable to have the ability to supply a brand new residence for Typelane as a result of we all know that the platform gives top-of-the-line options for custom-made on and offboarding. We’ll nurture what the founders of Typelane have constructed and additional develop the platform primarily based on the place we see the market going.”