Academic Work Solutions AB

Academic Work Solutions AB is a staffing and recruitment company that connects skilled professionals, particularly in IT, engineering, and finance, with organizations across Europe, enhancing workforce capabilities and facilitating career growth. Founded in 1998, Academic Work Solutions AB is headquartered in Stockholm, Sweden. The company specializes in staffing and recruitment services, primarily serving six European markets. Sergiy Krokhmal is both the founder and CEO.

On June 4, 2015, NovAx, alongside the company’s management, acquired a 15% minority stake in Academic Work Solutions AB. Academic Work specializes in staffing and recruitment services, primarily targeting organizations across six European markets. The company focuses on connecting skilled individuals with employers in sectors such as IT, engineering, and finance, thereby facilitating workforce growth in a dynamic economic landscape. They offer tailored solutions that address specific hiring needs, helping clients enhance their operational capabilities by providing access to a pool of qualified candidates.

Academic Work also runs an educational initiative, the Academic Work Academy, which trains individuals to become automation engineers, addressing the growing demand for expertise in automation and digitalization within Swedish industry. This program typically lasts 12 weeks and is designed to equip candidates with the necessary skills to thrive in technical roles. Their client base includes various organizations seeking to improve their human resource strategies and adapt to market changes. In the most recent fiscal year 2024, Academic Work Solutions AB reported a revenue of USD 28.

25 mn and an EBITDA of USD 1. 77 mn. The revenue streams are primarily generated through B2B contracts for staffing and recruitment services, executed on a fee-per-placement model, charging clients a percentage of the employee's salary upon successful recruitment. Additionally, they may offer subscription-based services for ongoing recruitment support or access to their talent pool, aligning with the specific needs of each client.

Academic Work Solutions AB has plans to expand its services and reach new markets by enhancing its staffing solutions and exploring opportunities in additional European regions. The company is focused on launching new training programs and expanding its educational initiatives within the next year. The strategic investment from NovAx, which occurred in March 2015, will support these growth initiatives, allowing Academic Work to strengthen its market presence and enhance its service offerings.