SD Worx acquires Integrho and reinforces its presence in Spain

4 November 2022

The leading European HR solutions provider SD Worx has acquired Integrho, a supplier of payroll software for the local Spanish market, headquartered in Barcelona. With this acquisition, SD Worx further strengthens its business in Spain, where it sees a lot of growth potential.

Integrho is a privately owned Spanish company, founded in 1994. It develops, installs and supports innovative solutions for the human resources management of any type of organisation, both public and private, based on the latest technologies available. 25 colleagues serve around 150 customers active in Spain, such as Orden San Juan de Dios, Porcelanosa and Pronovias. Integrho currently processes payslips for over 150,000 employees.

SD Worx has a clear ambition to be the leading European provider of integrated end-to-end HR solutions for all organisations and workers. With this acquisition we strengthen our footprint in Spain, and we reinforce our portfolio of own local payroll and HR software. Integrho has a very robust payroll engine, which features rich functionality in payroll and Time and Attendance. We have a common passion for innovation and customer experience. Together we can offer our customers a full package of innovative HR technology with additional outsourcing, consultancy and data services on top and they get access to the broad European market where we are present.

Kobe Verdonck, CEO, SD Worx

We started a partnership with Integrho one year ago and thus we know their team and products well. I look forward to working with this new group of talented and motivated people, and feel a great cultural fit. This will certainly help to further roll-out our ambitious growth plans to evolve to 500 colleagues who support more than 300 customers in the next five years and to further expand our presence from three to five locations across Spain. That way we operate literally close to our customers, who we support with domestic HR and payroll solutions. As we are a European company, we can even help them with their international business across Europe.

Carlos Pardo, Director General SD Worx Spain, SD Worx Spain

“We are very happy to join an ambitious company like SD Worx, as this will give our employees and our customers a lot of growth opportunities. SD Worx pays attention to local solutions and services for its customers, whereas they also help companies that operate internationally. We like their customer centric approach very much. It goes without saying that business continuity is guaranteed and that our customers will only benefit from this acquisition through our expanded offering and footprint”, says Cristobal Malet, General Manager Integrho.

The price of the acquisition will not be disclosed.