Acquires The Boda Group
P R E S S R E L E A S E
Stockholm, May 2, 2023
STOCKHOLM, SWEDEN - BTS Group AB (publ.), a leading global
strategy implementation firm, has agreed to acquire the business,
operations, and all the operating assets of The Boda Group. Boda is
a premier executive coaching firm headquartered in North America.
The company was founded in 2012 by Jennifer Porter, current
Managing Partner, to help leaders develop and increase their
effectiveness.
With revenues exceeding 11 MUSD in 2022, a strong team, and
network of more than 25 executive coaches, The Boda Group has
demonstrated solid growth since inception and has a healthy EBIT
margin.
Boda’s service offerings are focused on high-touch, specialized
solutions predominately in executive coaching, but also cover
Leader and Peer group Forums, as well as leadership and team
development. Boda primarily operates in the North American
market.
By acquiring Boda, BTS will gain a new service, Executive
Coaching, which has a large and growing market. As BTS Group’s
Executive Coaching Center of Excellence, Boda will ensure that BTS
helps leaders, from CEOs to Vice Presidents, grow and develop so
that they are better equipped to support their organizations’
strategy and culture.
The Boda Group has an impressive client portfolio, which
includes global leaders in technology, life science, and financial
and professional services. Boda also serves premier companies
within the private equity and venture capital sectors. Boda’s
client portfolio has limited overlap with BTS.
“We have been seeing an increase in demand for executive
readiness and succession as well as organizational change and
executive performance. For the past few years, our clients have
been asking us for executive coaching to support their strategy
implementations and other change efforts. With Boda we will be able
to meet this demand. Boda brings a world-class coaching
methodology, very experienced senior coaches, rigorous quality
standards, and a diverse team. Combined with our BTS Coach
offering, which supports leaders below the VP level, Boda allows us
to have an end-to-end coaching solution, from front line leaders to
the CEO,” says Jessica Skon, CEO of BTS Group.
“We are thrilled to join BTS. Our client philosophies,
commitment to excellence, culture, and values are incredibly
aligned. As part of the BTS global organization, we will be able to
have a greater impact in supporting executive development around
the world. By joining the BTS family, we can also better serve our
current customers by providing a broader range of services,” says
Jennifer Porter, Founder and Managing Partner of The Boda
Group.
The acquisition includes an initial cash consideration as well
as an issue of new BTS shares representing a value of 600,000 USD.
Additional purchase price considerations will be paid between 2024
and 2027 provided Boda meets specific targets during that period.
The transaction is effective immediately.
BTS strategy for acquisitions aims to create a broader base for
future organic growth while actively consolidating in a highly
fragmented market.
For more information, please contact:
Jessica Skon CEO BTS Group AB +1 (415) 203 1760
Michael Wallin
Head of investor relations BTS Group AB michael.wallin@bts.com
+46-8-587 070 02 +46-708-78 80 19
About BTS Group AB
BTS is a global professional services firm headquartered in
Stockholm, Sweden. BTS has about 1,200 professionals in 35 offices
located on six continents. BTS competes in both talent and HR
consulting as well as the traditional consulting markets. BTS’s
services support a broad range of client challenges including
top-to-bottom and on-demand leadership development, talent
selection and readiness, strategy creation and strategy
implementation, as well as culture and broad-scale change. For over
thirty years, BTS has been focused on the people-side of change and
uses proprietary simulation, learning, coaching, and assessment
methodologies to power better performance.
We partner with nearly 450 organizations, including over 30 of
the world’s 100 largest global corporations. Some of our major
clients include Astra Zeneca, Chevron, Coca-Cola, EY, HP, Mercado
Libre, Mondelez, Salesforce and SAP.
BTS is a public company listed on the Nasdaq Stockholm exchange
and trades under the symbol BTS B.
Bts Group Ab (LSE:0KGY)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Bts Group Ab (LSE:0KGY)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
