Harrier Picks Up APAC HCM Powerhouse
There's been a lot made of late over expansions in the Asia-Pacific (APAC) market, and with good reason. This is a field that contains some of the largest markets on Earth, like India and China, as well as major industrialized countries like Australia and Japan. There's a lot of opportunity in the APAC region, and so it's not a surprise to see human capital management (HCM) firms like Harrier Human Capital get more closely involved in the region.
Recently, Harrier acquired Oceans Group, an executive search firm handling HCM functions in both Sydney and Singapore. While the exact value of the deal wasn't disclosed, it was likely substantial as Oceans Group provides not only HCM and executive search options in Australia and Asia, but also in Europe, offering searches in a variety of fields backed up by a team of over 30 search consultants.
Now, Harrier has a better opportunity to provide its own HCM capability throughout the APAC region as well as a little extra help on the European front, making it a better overall operation that can deliver more services. Plus, Oceans Group had some impressive clients to its credit, including some of the biggest names in Australia.
Harrier CEO Kelly Quirk commented “The highly anticipated acquisition of Oceans Group cements Harrier’s position as Australasia’s leading boutique talent management business, setting us up for future growth and the further achievement of our strategic objectives. The leadership groups of Harrier and Oceans are partnering on integrating the two businesses where appropriate, to achieve a seamless transition for our employees and clients. I am delighted to be working with Sean, Andrew and their team and I know we are all looking forward to our joint future successes.”
With a rise in merger and acquisition (M&A) activity going on in the region of late, it makes HCM all the more valuable as companies seek to trim redundancies and fill holes as needed. Bringing in a company that can deliver a real value in HCM, therefore, becomes especially valuable in a time where not only more may be needed, but also specific kinds of human capital are called for. Consolidations—particularly consolidations in HCM providers—speak to a market pushing for efficiency, which may herald more hirings as HCM firms are pushed to the limit to provide.
Only time will tell just what this means for businesses, but chances are HCM—and the humans represented therein—may be having a good run of things in the near term.
Edited by Maurice Nagle