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Brussels, 7 February 2023 - Partena Professional and EASYPAY GROUP have reached an agreement to acquire the interests of the Pareit family in EASYPAY GROUP. Bruno Ronsse, CEO Partena Professional: “With EASYPAY GROUP, we share above all a culture of entrepreneurship and innovation. But we are also very complementary in terms of services, technology, sectors and geographic spread.”
EASYPAY GROUP, the largest family-owned HR solutions group in Belgium, consists of 25 entities and provides a wide range of HR services and solutions to private and public organizations. Through this agreement, Partena Professional acquires 100% of the shares of the Pareit family, thus taking control of the entities of EASYPAY GROUP.
Founded in the 1980s by the Pareit family as a payroll software provider, EASYPAY GROUP has evolved into a full-service HR provider. Today, the company employs some 400 employees who, together, help 23,000 employers in Belgium to manage their employees' salaries.
Bruno Ronsse, CEO Partena Professional: “Partena Professional and EASYPAY GROUP are very similar in terms of corporate culture. At EASYPAY GROUP, we distinguish the importance of human values and family spirit, combined with a strong customer focus and a tireless spirit of entrepreneurship and innovation.”
Els Pareit, CEO EASYPAY GROUP: “EASYPAY GROUP is a unique organization in the Belgian HR market. Results-oriented, involved and motivated, with a remarkable family touch. With Partena Professional, we have found the perfect partner to spread our unique approach even further and take the next step as a group.”
This agreement follows the collaboration of the two parties on services in the temporary work sector in 2022.
Partena Professional and EASYPAY GROUP are both innovative growth companies in the Belgian market of socio-legal and HR solutions.
The acquisition brings a lot of complementarity. For example, EASYPAY GROUP is more focused on Flanders and has a solid experience in the software field. The group also focuses on segments that are gaining in importance in the labour market, such as temporary work and flexi-jobs managed by social offices, and payroll activities.
Bruno Ronsse, CEO Partena Professional: “With Partena Professional, we can bring EASYPAY's entrepreneurial story to a higher level thanks to our strengths: our brand, our customer portfolio and our expertise. At the same time, we are strengthening our position in activities such as outplacement, software, social offices and payroll. This is a great match at a great time, as the labour and payroll services markets are undergoing a digital transformation.”
By incorporating the activities of EASYPAY GROUP, Partena Professional estimates that some 700,000 payroll calculations will be made per month. It will also become a leading player in stand-alone payroll and personnel management systems. Finally, this collaboration will allow Partena Professional to further develop the market for services to the self-employed. The new structure will have approximately 2,000 employees and will be present in the three regions of the country.
Given the growth and number of vacancies in both companies, Partena Professional does not expect a significant impact on employment.
The current management of EASYPAY GROUP will co-manage the implementation of internal cohesion with Partena Professional and will then assume a strategic advisory role within Partena Professional. Non-family shareholders, external members and directors of the underlying entities of EASYPAY GROUP will also remain on board.
The transaction is still subject to the approval of the Belgian Competition Authority (BCA).
About Partena Professional
Partena Professional is one of the leading HR and payroll service providers in Belgium. A team of 1,600 employees supports 140,000 self-employed and 80,000 employers every day in their business processes, social administration and personnel management. Start-ups and self-employed people benefit from a specific support in their administrative procedures. For small, medium and large companies, Partena Professional offers quality HR services with a customized combination of technology, legal, HR and payroll expertise. Partena Professional is the Belgian partner of ADP, the largest payroll service provider in the world. Partena Professional's annual turnover is 180 million euros.
About EASYPAY GROUP
EASYPAY GROUP was founded by the Pareit family in the early 1980s. Since then, the company has grown solidly from a single payroll software provider in West Flanders to a leading HR service provider with 15 local service centres throughout Belgium.