- Heidrick & Struggles International Inc (NASDAQ:HSII) has agreed to acquire Atreus, an interim management solutions provider in Germany. The financial terms of the acquisition were not disclosed.
- Atreus generated annual revenue of approximately $61 million in 2021.
- Atreus will become part of Heidrick & Struggles’ existing on-demand talent offering that includes U.S.-based Business Talent Group (BTG), acquired in 2021.
- Atreus will continue to be led by Co-CEOs, Harald Linné and Rainer Nagel.
- Atreus operate as a wholly owned subsidiary of Heidrick & Struggles.
- The acquisition is expected to occur early in the first quarter of 2023.
- Heidrick held cash and equivalents of $456.0 million as of September 30, 2022.
- Price Action: HSII shares closed higher by 2.48% at $28.50 on Thursday.
RBC Capital Maintains Outperform on Raytheon Technologies, Lowers Price Target to $102
RBC Capital analyst Ken Herbert maintains Raytheon Technologies (NYSE:RTX) with a Outperform and lowers the price target from $107 to $102.
