Heidrick & Struggles Acquires Atreus, Germany’s Market Leader in Interim Management

• The acquisition creates basis for integrated talent and leadership advisory offering to meet temporary and permanent management needs
• Current Atreus management will remain in place
• Atreus brand name to be retained
• With Atreus, Heidrick & Struggles strengthens its market-leading position in the growing on-demand executive and interim talent space

MUNICH, February 2, 2023 – With the successful completion of the acquisition, publicly listed Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, headquartered in Chicago, has acquired 100 percent of the shares of Atreus, the leading provider of executive interim management in Germany, headquartered in Munich. Together with the US-based Business Talent Group (BTG), acquired in 2021, Atreus is now part of the recently formed On-Demand Talent business segment of Heidrick & Struggles.

The acquisition of Atreus strengthens Heidrick & Struggles’ global reach and leadership in the on-demand talent market segment. The acquisition also represents an investment by Heidrick & Struggles in Germany, a strategically important market for the company in Europe.

“In addition to Heidrick & Struggles’ core German businesses of executive search and leadership consulting, on-demand talent solutions at the C-suite level play a key role in helping organizations acquire talent with specific expertise at the executive level that they need on a short-term and flexible basis,” said Dr. Nicolas von Rosty, Partner In Charge of Heidrick & Struggles Germany. “Especially now, in times of great change and volatility, we are able to support our clients even moreso by providing them access to top talent to fill roles on an interim basis, or to drive projects forward.”

Together, the complementary services will be combined to create new, integrated solutions tailored to the client. As part of Heidrick & Struggles, Atreus will be able to operate even more internationally and efficiently in the future. The current Atreus management team, led by founders Dr. Harald Linné and Rainer Nagel, will remain in place.

“In times when companies have to deal with various challenges at the same time, Atreus focuses above all on providing its clients with the necessary management capacity of ‘storm-proof achievers’ at the highest speed and flexibility, both nationally and internationally – and thus making a significant contribution to their success. The decision in favor of Heidrick & Struggles therefore makes perfect sense from a strategic point of view,” said Dr. Harald Linné. “Becoming part of Heidrick & Struggles is the right strategic decision for Atreus and its further development. Heidrick & Struggles is a global leader with an outstanding network and a wide-ranging portfolio of talent and leadership advisory services. Heidrick & Struggles is a perfect match for the demands Atreus places on itself and its partners,” commented Rainer Nagel.

The brand name Atreus, which is known and appreciated for its high quality, will be retained and will continue to stand for interim management services at the highest level.

Terms of the transaction were not disclosed.

About Heidrick & Struggles

Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world’s top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time.^® www.heidrick.com

About Atreus

Atreus GmbH (LLC), the leading provider of executive interim management in Germany, supports clients in solving particularly challenging change situations by placing experienced executives for line, project and program management tasks. With tailor-made and high-quality services, Atreus Interim Management offers solutions at C-suite level and with relevance to the C-suite level. The company was founded in 2006 and is led by founders and managing directors Dr Harald Linné and Rainer Nagel. With a network of more than 16,000 interim managers, Atreus carried out more than 400 projects for 250 clients in Germany and abroad last year alone.

Heidrick & Struggles
Max Hohenberg, Max.Hohenberg@kekstcnc.com, +49 173 279 1477
Dr. Klaus Westermeier, info@kwestermeier.de, +49 172 843 3232

Atreus
Frank Wöllstein, f.woellstein@wbco.de, +49 69 1338 8035, +49 171 489 7487