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SD Worx is a leading provider of people solutions, with European roots and global reach. We spark success at the heart of our customer’s business, so they and their people can thrive.

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Nils De Bremaeker
Nils De Bremaeker


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SD Worx acquires cloud payroll startup TribePerk to expand into Polish SME market

Tuesday May 21, 2024

SD Worx, the leading European HR and payroll solutions provider, has acquired the Polish HR tech startup TribePerk. This fast-growing HR tech start-up offers an integrated suite of HR cloud solutions including payroll, core HR and time & attendance to Polish SMEs. With this acquisition, SD Worx expands its go-to-market to Polish SMEs and strengthens its position on the Polish market, where it already serves mid-market businesses and where it is the local market leader in SAP & SuccessFactors solutions.

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SD Worx subsidiary Protime acquires AI technology and expands workforce planning capabilities

Wednesday March 13, 2024

Protime, the Belgian market leader in time registration and employee scheduling, has acquired Sheepblue, AI-based software for workforce planning, developed by the similarly named start-up founded in 2018 and headquartered in Vienna (Austria). The software specialises in shift-based industries that require precise workforce planning capabilities, such as manufacturing or logistics.

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SD Worx revenues exceed EUR 1 billion in 2023

Tuesday February 27, 2024

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 1.058 billion last year, an increase of 10% compared to 2022 (EUR 962.1 million). The consolidated normalised EBITDA grew 32.8% from EUR 136.7 million in 2022 to EUR 181.6 million in 2023. The consolidated profit before taxes rose by EUR 6.2 million to EUR 88.1 million. The consolidated net profit decreased from EUR 81 million in 2022 to EUR 70.1 million in 2023. As a reminder: the consolidated net profit growth in 2022 was exceptional (increasing from EUR 46.8 million in 2021 to EUR 81 million in 2022), affected by the capital gain realised on the sale of the real estate portfolio of SD Worx Real Estate NV to WorxInvest.

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SD Worx subsidiary Protime acquires Spanish sector peer SoftMachine

Friday December 22, 2023

Protime, the Belgian market leader in time registration and work scheduling, is acquiring its Spanish sector peer, SoftMachine. SoftMachine is a specialist provider in its home country and supports some 450 medium-sized (inter)national customers. The acquisition is part of Protime’s ambition to become the European market leader in workforce management solutions. The software company, based in Mechelen, is already active in its neighbouring regions including the UK, Scandinavia and now, in Spain.

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SD Worx acquires Romanian payroll market leader Romanian Software S.R.L. and continues European expansion

Friday December 8, 2023

SD Worx, the leading European HR and payroll solutions provider, has acquired Romanian Software S.R.L., the market leader in Romania for payroll and Human Capital Management (HCM) solutions. With the acquisition SD Worx strengthens its position in Central and Eastern Europe and expands its offering of own payroll technology to its domestic and international customers. Romanian Software S.R.L. gains access to SD Worx’s complete payroll and HR software and services and to its expanding presence across Europe.

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Gimv welcomes WorxInvest as reference shareholder

Thursday November 30, 2023

The diversified investment company WorxInvest and the Flemish Participation Company VPM announce today an agreement where WorxInvest acquires all of VPM’s remaining 27.81% stake in Gimv NV (Gimv), the Euronext Brussels listed European investment company. WorxInvest is the parent company of the leading European HR solutions provider SD Worx. The transaction is subject to customary regulatory approvals.

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SD Worx acquires Polish SAP HR market leader Gavdi Poland and strengthens payroll & HR capabilities in Poland

Wednesday October 4, 2023

SD Worx, the leading European HR and payroll solutions provider, has acquired Gavdi Poland, the market leader of SAP HR solutions in Poland, from the Danish Gavdi Group. Gavdi Poland, headquartered in Warsaw, provides SAP HCM (Human Capital Management), SAP SuccessFactors consultancy and application management services. The company has also own developed solutions that are compatible with SAP HR software and extend its capabilities. Through this acquisition SD Worx reinforces its SAP HR capabilities to help customers in the mid-market and enterprise segments with HR and payroll solutions. 

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SD Worx marks good growth results in first half of 2023

Monday August 28, 2023

SD Worx, the leading European HR solutions provider, reports good results for the first half of the year. It achieved a consolidated revenue of EUR 524.6 million, which is 10.4% more than the first half of 2022 (EUR 475.3 million). The consolidated normalised EBITDA grew by a quarter (26.1%) from EUR 70.2 million in the first half of last year to EUR 88.5 million during the first six months of this year. The consolidated net result amounted to EUR 42.5 million.

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SD Worx welcomes leading investment manager CVC to accelerate European growth

Tuesday June 20, 2023

SD Worx, the leading European HR and Payroll solutions provider, is delighted to welcome CVC Strategic Opportunities II as a new partner and minority shareholder. WorxInvest, the current shareholder of SD Worx, remains the majority shareholder and will keep 77.5 % of SD Worx. The additional capital generated by the transaction will be invested to accelerate the execution of SD Worx' European growth plans.

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SD Worx continues growth strategy and reports good results for 2022

Monday February 27, 2023

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 962.1 million in 2022, which is an increase of +12.1% compared to 2021 (EUR 858.1 million). The normalised EBITDA grew to EUR 136.7 million, or 18.3% more compared to 2021 (EUR 115.6 million). The net profit climbed to EUR 81 million, an increase of 73.1% compared to 2021 (EUR 46.8 million).

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SD Worx acquires Integrho and reinforces its presence in Spain

Friday November 4, 2022

The leading European HR solutions provider SD Worx has acquired Integrho, a supplier of payroll software for the local Spanish market, headquartered in Barcelona. With this acquisition, SD Worx further strengthens its business in Spain, where it sees a lot of growth potential. 

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SD Worx expands Irish footprint with acquisition of Intelligo

Friday October 28, 2022

SD Worx, the leading European HR solutions Provider, has acquired Intelligo – an Ireland-based supplier of HR and Payroll Software and Outsourcing Services – to further expand its presence in the Irish market and to strengthen its portfolio of own payroll and HR software. 

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SD Worx appoints Bruce Fecheyr-Lippens as Chief People Officer

Monday September 5, 2022

HR and payroll services provider SD Worx has appointed Bruce Fecheyr-Lippens as Chief People Officer. Bruce is a member of the Executive Committee and reports to CEO Kobe Verdonck.

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SD Worx records strong growth figures in the first half of 2022
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SD Worx records strong growth figures in the first half of 2022

Friday August 26, 2022

SD Worx, the leading European provider of payroll and HR services, recorded a consolidated turnover of 475.3 million euro in the first half of 2022. That is an increase of 18% compared to the first half of last year. Normalized EBITDA came in at 70.2 million euro, which is 9.2% more compared to the first half of 2021. During the second half of 2021, SD Worx invested significantly in attracting additional employees to support the company's rapid growth.

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SD Worx acquires HRPRO and enters Southeastern Europe

Thursday July 7, 2022

The leading European Payroll and HR provider SD Worx has acquired HRPRO, an HR tech company located in Zagreb, Croatia. With this acquisition, SD Worx expands its local presence to 18 European countries and enters Southeastern Europe, where it sees a lot of growth potential.

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SD Worx signs partnership with PayGroup to help European multi-country customers growing into the Asia-Pacific and the Middle East regions

Monday May 2, 2022

The leading European payroll and HR services provider SD Worx has signed a partnership with PayGroup to support its European multi-country customers having branches in the Asia-Pacific and Middle East region. PayGroup started operating in 2005 and is one of the top three independent payroll and HR providers in Asia-Pacific, providing mission critical services across 82 countries.

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SD Worx takes a majority stake in huapii and expands its talent management offering

Tuesday March 29, 2022

The leading European Payroll and HR service provider SD Worx is taking a majority stake in the Belgian company, huapii. Huapii offers a talent platform that gives employees ownership of their career through skill and performance management. This way, SD Worx is strengthening its talent management offering, while huapii is being given a springboard to break through internationally.

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SD Worx realises double-digit growth in 2021

Monday February 28, 2022

SD Worx, the leading European HR and payroll services provider, achieved a consolidated turnover in 2021 of EUR 858.1 million (+15.4% compared to the EUR 743.5 million in 2020) and a normalised EBITDA of EUR 115.6 million, an increase of 20.0% compared to 2020 (EUR 96.3 million). The net result amounts to EUR 46.8 million.

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SD Worx sells ASPEX to Trustteam

Friday October 29, 2021

SD Worx has sold ASPEX to Trustteam, a Belgian IT partner for SMEs. Aspex has been helping clients migrate their systems to the cloud for over fifteen years. It is particularly specialised in the public cloud, to which more and more companies are turning in order to keep their ever-increasing amounts of data safe. ASPEX's core business has little to do with that of SD Worx and in Trustteam we have found a partner who can further expand the scale of ASPEX.

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SD Worx continues to grow and achieves strong financial results during the first half of 2021

Thursday August 26, 2021

SD Worx, the leading European HR & payroll services provider, achieved in the first half of 2021 a consolidated turnover of EUR 402.7 million (+ 11.1% compared to the first half of last year) and a normalised EBITDA of EUR 64.3 million (+ 16.5% compared to the first half of 2020). The positive results allow SD Worx to further invest in its growth ambition.

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SD Worx accelerates digital innovation and becomes majority shareholder of Teal Partners

Friday May 21, 2021

SD Worx, a leading European HR & Payroll services provider, has become the majority shareholder of Teal Partners. SD Worx has enjoyed a close collaboration with the Belgian software development provider Teal Partners since its inception, and the two companies have worked together on a number of innovative products and services. For the last two years, SD Worx has been a minority shareholder of Teal Partners. 

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SD Worx accelerates digital innovation and becomes majority shareholder of Teal Partners

Friday May 21, 2021

SD Worx, a leading European HR & Payroll services provider, has become the majority shareholder of Teal Partners. SD Worx has enjoyed a close collaboration with the Belgian software development provider Teal Partners since its inception, and the two companies have worked together on a number of innovative products and services. For the last two years, SD Worx has been a minority shareholder of Teal Partners. 

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SD Worx continues international growth and enters Scandinavia with Aditro acquisition

Wednesday April 28, 2021

SD Worx, a leading European Payroll and HR services provider, has entered into a definitive agreement to acquire Aditro, a leading Cloud HR & Payroll software provider in Sweden, Finland and Norway. This transaction advances SD Worx’s ambition to become the reference payroll and HR services provider in Europe. By entering the Nordics, SD Worx strengthens its geographical footprint and position as leader in the European HR and payroll market.

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SD Worx achieves positive profit results despite corona crisis

Friday February 26, 2021

SD Worx, a leading European HR & payroll services provider, achieved a consolidated turnover of EUR 743.3 million (-3.2% compared to 2019) and a normalised EBITDA of EUR 77.3 million (+15.3% compared to 2019) in 2020. The normalised EBITDA includes investments in digital transformation for an amount of EUR 11.8 million.

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