Deal TypeM&A
IndustryTechnology & Media

BDO Corporate Finance successfully assisted the shareholders of CMAST, a fast-growing consultancy and project management company in the Life Sciences sector, on the sale of their shares to the Adecco Group.

CMAST, with headquarters in Temse, is active in the Healthcare and Life Sciences sectors and was founded in 2008. The company has branches in Belgium, Switzerland, Germany, Poland and the US, employing nearly 100 people. CMAST’s aim is to contribute to better health for everyone through the development and acceleration of innovative solutions for health care. 

XPE Pharma & Science, part of the Adecco group, will join forces with CMAST to expand a full range of services in the areas of staffing, outsourcing, managed services and consultancy in support of projects and businesses in the Life Sciences sector.

To respond to the rapid development of the pharmaceutical and biotech industries, businesses are entering into strategic partnerships with innovative companies and startups from various sectors, resulting in a growing demand for consulting services, project management and talent. Therefore, XPE Pharma & Science and CMAST will work together intensively on the basis of each other’s specific knowledge and expertise.

Further information can be found in Adecco’s press release.

For more information on this transaction, please contact Geert Costers or Geert Schoukens.