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NEWS - SD Worx acquires German company fidelis HR

March 14, 2016 – Belgian HR service provider SD Worx acquires German company fidelis HR. An agreement was signed on Friday. Fidelis HR employs 629 people and saw a turnover in 2015 of 55 million euros. With the acquisition, SD Worx becomes the second-biggest payroll provider in Germany and also strengthens its position of second on the European market.

Fidelis HR was taken over in 2013 by the listed company Aurelius and was previously known as TDS HR Services & Solutions. The company provides a total HR service and calculates almost one million salaries every month for six thousand clients in the public and private sectors. Besides payroll administration, also in outsourcing, the company is specialised in, among other things, personnel administration, benefit management and HR software.

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http://www.payrollservicesalliance.com/announcements/sd-worx-acquires-german-company-fidelis-hr