June 7, 2023

Axiom invests in International Staffing market with Koenigstein


Axiom Partners Europe announced this week that it has taken a majority interest in Koenigstein, one of the fastest growing staffing solution providers in Germany and now part of Axiom’s Circle8Group. No financial details have been given. With this acquisition, having previously acquired Dutch labels Circle8, FixedToday and Seven Stars, Circle8Group has taken an important next step towards further internationalisation. Earlier this year, the staffing company took over Swiss recruiter Swisslinx.

Axiom’s Thijs Granzier explains: “With this takeover, Axiom has grown into one of the biggest IT staff recruiters in Europe and has officially entered the German market. The combination of Koenigstein’s local knowledge and sales excellence together with Circle8Group’s strength and experience is the key to achieving success there. In the coming period, we’ll continue to expand abroad with additional strategic takeovers in Europe. This will allow the group to serve its clients even better.”

Circle8 Group’s Mike Korenvaar goes on to say: “Koenigstein is the absolute star in the German staffing market. With a diversified project portfolio and, above all, a superb reputation, this company is an excellent addition to our group. International takeovers are a cornerstone of our Total Talent Flow philosophy, whereby we aim to facilitate the flow of talent through organisations as much as we can, not only locally but more and more often across the border.”

Koenigstein’s CEO, Holger Koenigstein, observes: “The rapid development of digitisation and IT modernisation, including cloud transformation, cyber and information security, data analysis, AI and robotics, constitutes a challenge that just keeps growing. By joining Circle8Group, which has a  turnover of more than 980 million euros and over 12,000 professionals on its books, we can offer our own professionals and clients all the advantages inherent in a team that brings expertise, a personal focus and a broad knowledge of finance.”

RoseEdge Capital acted as trusted debt advisor for Axiom during the process.