Zalaris ASA acquires ba.se. GmbH to strengthen payroll and HR BPO for the retail industry
Zalaris ASA has agreed to acquire ba.se. service & consulting GmbH (“ba.se”), a leading provider of payroll and related HR services to the retail industry in Germany.ba.se had revenue of EUR 6.1 million for the year ended 30 September 2020. The transaction will be financed from available cash, and is expected to be accretive already in 2021. The purchase price consists of an up-front payment and a performance-based element. The transaction will close in Q2 2021, but will have key milestones for performance during the period 2021 to 2023.
The deal joins two leading providers of payroll