Modis came into the light two weeks ago when Adecco announced the acquisition of Akka. Modis is a decently large IT services firm with 2020 revenues of EUR 2,179m. It is little-profitable with an adjusted EBITA margin of 5.7% (2019: 6.3%). Like everyone, the company faced headwinds in 2020, with revenues down 9% in 2020 (2019: -3%).
Ausy Acquired by Randstad
Ausy will be acquired by Dutch interim work giant Randstad, for an enterprise value of appr. EUR 420m.
Ausy is a mid-sized French services vendor with 2015 revenues of EUR 394m (pro-forma EUR 461m). The company is active in both IT services and ER&D service