Gi Group Holding today announced the acquisition of CVO Recruitment and Simplika, the Baltic region’s leading executive search, recruitment, and staffing company, with a strong presence in Estonia, Latvia and Lithuania. The announcement represents the latest step in a significant growth journey as Gi Group Holding evolves into an HR ecosystem that offers a full suite of tailored solutions and a direct presence in 29 countries.
CVO Recruitment and Simplika was founded in the year 2001 in Estonia. Its companies collectively generate revenues of €16 million annually by partnering with over 450 clients through handling an average of over 850 recruitment projects per year and providing temporary employment to over 500 workers on a daily basis. Rooted in professionalism and quality data and insights driven local market knowledge, CVO Recruitment and Simplika counts with a total of 35 passionate executives which will complement the Gi Group Holding Lithuania executives that currently focus on recruitment and HR services for Temporary, Permanent, and BPO assignments.
The transaction, on the other hand, marks Gi Group Holding’s market entry into Estonia and Latvia.
CVO Recruitment and Simplika two distinct, yet complementary brands are: CVO Recruitment, which recruits middle and top-level specialists as well as top managers and Simplika, which focuses on personnel leasing and staffing plus recruitment of junior and middle level specialists; complemented by related services such as market consultation, onboarding and outplacement. Collectively, both business lines specialise in recruitment in the fields of technology (including IT), finance and analytics, sales & marketing, management, and more.
