Immedis announces acquisition of US payroll company Expaticore in $10m deal

Business, Finance | Wed 3 May | Author – Business & Finance mergers acquisition
Pictured (L-R): Ruairi Kelleher, executive director; Terry Clune, chairman; and Mark Graham, executive director, Immedis

Global financial services group Immedis has today announced the acquisition of US international payroll company Expaticore.

The $10m acquisition signifies a key step in the organisation’s ambitious growth plans, and its commitment to being the best in the field of international payroll and tax services.

Expaticore has an established international client base and the €10m acquisition is set to strengthen Immedis’ capabilities in the US and globally. Immedis’ current client list includes amongst others Airbus, ESB International and Lifes2Good.

Speaking about the acquisition, Ruairi Kelleher, executive director of Immedis, said: “There is little doubt that this level of expertise along with their talented team and network in the US will be extremely beneficial to Immedis and to our clients. Today’s announcement is a testament to the incredibly hard work of the team here at Immedis, and the support of the wider Taxback Group.” 

David Leboff, president and founder of Expaticore, added: “After two years of a growing relationship, I am proud that Expaticore is joining the Immedis family. The integration of both companies is certainly the most important development in the global payroll industry in years.”

“The research and investment Immedis has put into developing their global payroll and mobility tax platform will have a significant impact on providing true transparency for clients seeking information in real time concerning their payrolls, employees and tax obligations.”