Clearwater advises YER on its acquisition of AVANTGARDE Experts
Clearwater has advised YER Global B.V. (YER), an international recruiting company, on its further expansion to the German market through its acquisition of AVANTGARDE Experts GmbH (AVANTGARDE Experts), a recruitment agency specialising in the tech and mobility sectors. The transaction is expected to close subject to customary regulatory approvals.
YER, a leading international secondment and recruiting company operating out of the Netherlands, has taken a major next step in its European expansion with the full acquisition of German recruitment specialist AVANTGARDE Experts. With a joint focus on quality and data-driven innovation, the partners will be moving forward together to strengthen their position on the German market for high-level, personnel vacancies in key sustainable industries such as tech, mobility, and energy.
YER, which currently has a workforce of almost 4,000 employees with activities across the Netherlands, Belgium, and the US, will gain large-scale access to the German market through this acquisition, in line with its strategic vision for international expansion of its data-driven talent platform. Earlier in 2024, the company had already invested in another German partner: personnel service provider Staffxperts, with a strong focus on the energy sector. The new partnership with AVANTGARDE Experts will grow YER’s presence in the German market to almost 1,500 seconded professionals, as well as enable further growth into the European market while reinforcing the company’s market position as a forward-thinking platform innovator.
Established in 2007, AVANTGARDE Experts has developed into one of the German market leaders in filling academic roles in the mobility and tech sectors. With an ambitious vision for the future, the company currently provides support from four locations across Germany to automotive manufacturers and suppliers, OEMs as well as industrial and digital groups in their search for the best talent. Going forward as part of the international YER group and building on its revenue of almost €100m in 2023, AVANTGARDE Experts is eager to continue pursuing its success story.
„With its extensive expertise, ambitious roadmap, and sustainable market position, AVANTGARDE Experts opens up a broad market entry for us in Germany. This acquisition is another important step in our international growth strategy. I expect great synergies from this new joint collaboration and am greatly looking forward to continuously improving our international offerings for both customers and professionals.“ – Johan Overgaauw, CEO, YER
„Becoming part of YER marks a huge milestone in our history. This partnership accelerates our journey to becoming the category leader in filling key jobs for the mobility and tech sectors. It will benefit both our customers and candidates, providing new ways to match global talent with transnational opportunities. We are pleased to have found a new venture partner who is a perfect cultural and business fit for our team.“ – Philipp Riedel, CEO, AVANTGARDE Experts
„We’re delighted to have further contributed to YER’s expansion in Germany. AVANTGARDE Experts complements YER perfectly, and together, we believe the leadership team can truly unleash the combined company’s full potential for growth.“ – Maximilian Hammers, Director, Clearwater