SD Worx beefs up position in The Netherlands and joins forces with CTB Personele Systemen

14 April 2015

Brussels, 14th April 2015. In the Netherlands, HR service provider SD Worx and software specialist CTB Personele Systemen are pooling their strengths in a joint venture. From now on, they will work the market together under the SD Worx name. This sees SD Worx bolster its position as a full-service payroll and HR provider in The Netherlands and Europe. The newly forged collaboration ramps up the turnover of SD Worx in The Netherlands from 5.8 to over 12 million euros, with the workforce doubling in size to 125 employees. As from today, they will be serving over 2,000 clients and calculating 135,000 salaries each month. SD Worx, present in 28 countries, is the majority shareholder in this joint venture.

Unique offering in The Netherlands

bleom This step now enables SD Worx to deliver an integrated offering of payroll, HR, and Tax & Legal services, which is unique in The Netherlands. “By joining forces with CTB Personele Systemen, we are making sure that our clients can rely on innovative systems and service delivery more than ever. We have been working closely with CTB for the past fifteen years, which has enabled us to lay a solid foundation to move forward together. In addition, this move sees SD Worx acquiring a prominent position in the construction industry and associated sectors”, says SD Worx Netherlands CEO Mark Bloem.


“Together we will continue to invest in state-of-the-art applications, such as Cobra HRM & Salaries, and a broad-based palette of services to serve our clients”, CTB Investments CEO Rob Jeurissen goes on to add.


van hoorebekeHR service provider SD Worx delivers HR solutions across 28 European countries in collaboration with its partners in the Payroll Services Alliance. “SD Worx pursues a distinctly international growth strategy. The joint venture with CTB Personele Systemen in The Netherlands is wholly in keeping with this strategy. In Europe, we are currently number two in the area of payroll. We are committed to continuing to reinforce this position over the long term, and to maintaining our market leadership in the area of quality”, affirms Steven Van Hoorebeke, CEO of the SD Worx Group.



Hi-res photos of Steven Van Hoorebeke, CEO of the SD Worx Group, and Mark Bloem, CEO SD Worx Netherlands, are available for download here