Acquisition strengthens company’s presence in the region, expands overall service offering.
PARIS, 5 May 2023 – Sedgwick, a leading global provider of technology-enabled risk, benefits, and integrated business solutions, has purchased the business and assets of AGEX, an independent loss adjusting company based in Lyon, France. This transaction highlights Sedgwick’s continued commitment to delivering outstanding service to our clients in France.
Joining forces with AGEX strengthens Sedgwick’s presence and reputation in the Rhône Alpes région of France. The combined company offers expanded expertise and capabilities in property and commercial claims, as well as in the marine and transport sectors. AGEX’s highly skilled loss adjusters are joining the Sedgwick team in France, which currently comprises over 920 colleagues across 35 offices. The experience and resources they bring enhances Sedgwick’s capacity to serve the local market.
In conjunction with this acquisition, Sedgwick will open a new servicing office in Brignais, in the south of Lyon. Together with Sedgwick’s existing office in the north of Lyon, the combined team will have a leading presence in the Rhône-Alpes to accommodate the evolving needs of clients and their customers across the region.
“Further strengthening our local presence in every region of France is a fundamental part of our growth strategy,” said Xavier Gazay, Sedgwick’s CEO for France and Europe. “AGEX’s complementary expertise will offer Sedgwick the opportunity to establish stronger relationships in the region. The acquisition also demonstrates our focus on new opportunities to create value for our clients.”
“We are proud of the expertise we’ve developed and the reputation we have built in Rhône-Alpes,” said AGEX founder and owner Alain Goudin. “When it came to considering the future of our business, joining Sedgwick seemed like an ideal next step for us. The work we will do together with the Sedgwick team in France will unlock further growth potential and establish our joint business as a leading loss adjusting and claims management provider for the Rhône-Alpes region.”
About Sedgwick
Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to clients’ specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts; through the dedication and expertise of 30,000 colleagues across 80 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact performance. Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. For more, see sedgwick.com.
Tags: Europe, France, Loss, Loss adjusting