Switzerland: TMF Group Acquires Payroll Services AG
Last Updated: 10 August 2017

Zurich, Switzerland – TMF Group, a leading provider of high value business services to clients operating and investing globally, is pleased to announce the acquisition of Payroll Services AG, an experienced provider of payroll and employee management services in Switzerland.

Founded in 2003, Payroll Services AG has been supporting large, international clients by providing outsourced payroll, payroll administration and Swiss Professional Employer Organisation ("PEO") services. Currently based in Dietikon, Payroll Services AG has six employees, all of whom are experts in the field of payroll administration. 

Payroll Services AG is highly complementary to TMF Group's existing operations in Switzerland. The addition of a dedicated payroll team in Zurich will enhance TMF Switzerland's ability to service customers in the German-speaking cantons of Switzerland. TMF Group will now also be able to offer PEO services in Switzerland to existing and new clients. 

TMF Group will fund the acquisition from existing cash resources; financial terms of the transaction have not been disclosed. 

Monica Geismar, Managing Director of Payroll Services AG, commented:
"We are extremely excited to be joining TMF Group, an organisation that shares our passion for delivering payroll solutions to our clients. We look forward to creating new opportunities for our clients and employees by combining our local expertise with TMF Group's global network."

Juraj Gerzeni, Regional Director for EMEA at TMF Group, commented: 
"Payroll Services AG is an excellent addition to our business in Switzerland that significantly enhances our capacity to service payroll customers and extends our offering to include PEO services in Switzerland. I am delighted to welcome Monica and the entire Payroll Services AG team to TMF Group."

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By TMF Group
By TMF Group
By Gisella Lindemann
By Hernán Kogan
By Hairo Encarnacion
By TMF Group
By Janco Jordaan
By TMF Group
By TMF Group
By TMF Group
Font Size: