Issue 4 2022 5 News Malt Acquires Comatch To Reinforce Its European Leadership On The Freelancing Market • Malt is acquiring Comatch, Europe’s leading marketplace for independent management consultants and industry experts • The market leading positions of Comatch and Malt in their respective markets will ensure a solid foundation for the ambitious European expansion of Malt • Comatch’s expertise, knowledge and access to the broader business community will extend Malt’s community of independent talents to business consultants • Malt’s offering will now provide clients with a network of highly-skilled freelancers that can take projects from strategy through to execution • Malt projects 1 billion euros business volume by 2024 Europe’s biggest freelancer marketplace Malt has acquired Comatch, the curated marketplace for independent management consultants and industry experts. The acquisition extends Malt’s community of high-skilled freelancers to business consultants and takes Malt closer to reaching 1 billion euros business volume by 2024. With a freelancing market valued at 355 billion euros, Malt projects to become the undisputed European leader and the preferred partner for companies seeking external resources. Comatch, Europe’s leading consulting marketplace, has built a strong community of more than 15,000 top independent management consultants and industry experts. Since launching, the consulting marketplace with headquarters in Berlin has grown across nine markets with 130 full-time employees. Home to a community of 340,000 freelancers, the largest in Europe, Malt will now be on its way to offering Europe’s most comprehensive network of high-skilled freelancers and management consultants, making Malt the ideal partner for all business activities. As a result, clients will now benefit from a marketplace with the best subject-matter specialists on hand to solve business challenges from strategy to execution. Combined, the two companies work with 80% of the CAC-40 and DAX-40 companies and together will build the largest European client network with more than 1,000 enterprises. United over a shared vision of the future of work, one in which everyone has the power to choose how and whom they work with, Malt and Comatch will focus their efforts on market facing synergies to broaden the offerings for their clients and their community of highly-skilled freelancers. The growth of the combined company will be supported by the hiring of 150 new employees, bringing the total count to 600 by the end of 2022. The extension of services also means that dedicated teams will now work across eleven regions and countries, including Austria, Belgium, France, Germany, the Middle East and North Africa, the Netherlands, Nordics, Spain, Switzerland and the UK. The acquisition sends a strong signal of Malt’s place in the ecosystem at a time of tremendous growth in the European freelance market, currently valued at 355 billion euros. Fueled by digital transformation and the increasing need to fill specific roles, both companies have witnessed a sharp uptake in client demand for independent resources. Vincent Huguet, Malt CEO, shares: “Comatch is a champion in the field of business consulting marketplaces. As a fellow company that shares Malt’s “community first” approach, placing our talents at the core of the product and business to our vision for the future of work, we are eager and excited to bring our two worlds of high-skilled freelancers together”. Dr Christoph Hardt, Comatch Co-Founder and Managing Director, adds: “Malt is Europe’s leading marketplace especially for digital freelance talents while Comatch is the largest European consulting marketplace. We believe in a future where technology and business consulting continue to grow closer together, which is why we are very excited to jointly build Europe’s undisputed leading marketplace where organizations can find the best independent professionals for any possible project”.
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