Heidrick & Struggles to Acquire Amrop Denmark

Heidrick & Struggles recently entered into an agreement to acquire Amrop Denmark. The deal is estimated at $8.4 million, according to a filing with the U.S. Securities and Exchange Commission. The acquisition is expected to close Dec. 31.

All five Amrop Denmark partners are expected to join Heidricks’ Copenhagen office as partners. With nine client-facing consultants and a total of 37 employees, the combined organization is expected to become the largest leadership advisory firm in the Danish market.

“Together with our consultants based in Helsinki and Stockholm, our newly expanded Copenhagen-based team will serve clients throughout the Nordic region with strategic guidance to address their talent and leadership needs,” said Krishnan Rajagopalan, president and CEO of Heidrick. “Adding the Amrop Denmark team will further strengthen our ability to serve clients in the Nordic market with executive search and consulting services including organization and team effectiveness, leadership assessment and development, and culture shaping.”

Jan N. Lauridsen, managing partner of Heidrick & Struggles Nordic, said the acquisition will greatly benefit the firm’s clientele in the region. “Our new consultants are especially strong in financial services, fintech and technology broadly, industrial and the public sector, while our legacy Heidrick team is strong in the industrial, healthcare and life sciences, and consumer sectors,” he said. “Additionally, the leadership consulting expertise of the Amrop Denmark team will benefit from the industry-leading accelerating performance methodology and analytics that Heidrick has developed, helping us significantly expand our advisory capabilities throughout the Nordic region.”

Peter Christiansen, managing partner of Amrop Denmark, said the acquisition made sense for his firm as it allowed for a greater global reach. “More and more Danish companies want us to serve them outside Denmark in finding executives for their international operations,” he said. “The global footprint and integrated operations of Heidrick & Struggles provides us with an excellent opportunity to serve our clients in all parts of the world with consistency and high-quality service.”