SHL has announced that it will purchase SHL Japan, a third-party distributor, in a public-to-private (or "P2P") deal. Since 1987, SHL Japan has served as the SHL Group's local partner for the Japanese market.
With leadership in each of Asia's top three markets—Japan, India, and China—the deal positions the company in an unrivalled position. It also broadens SHL's worldwide footprint, giving it the only player with established scale in the US, EMEA, and APAC regions.
The deal is set up as a joint venture with Mynavi, a well-known supplier of graduate hiring services in Japan and a steadfast customer of SHL Japan products.
SHL's strategic development from a provider of workplace evaluations to a personnel partner offering information from its data intelligence platform to guide decision-making across the employee lifecycle is represented by the purchase.
Since 2018, M&A has been crucial to this transformation, including the acquisition of Aspiring Minds in India and the collaboration with IBM on Kenexa Talent Assessments. Additionally, the company recently sold PDRI to Pearson in order to concentrate on its core B2B business.
"SHL Japan is a market-leading business with fantastic people that we’ve worked alongside for more than 30 years. We are really pleased to join with them to bring more of our powerful SaaS solutions to this important and growing market," said Andy Bradshaw, Chief Executive of SHL, adding that "Mynavi is a key sales channel for SHL Japan, and have unparalleled market knowledge. They are a perfect partner for us to grow SHL Japan together."