WorkGenius, the AI-powered platform for contingent workforce solutions, announced that it has acquired the remaining 49% stake in Futurepath GmbH from CARIAD SE, the automotive software company of the Volkswagen Group. This transaction follows WorkGenius’ acquisition of Expertlead in August 2023, through which it had already obtained a 51% stake in Futurepath.
By securing full ownership, WorkGenius will integrate Futurepath’s strengths into its global offering, unlocking new benefits for clients and talent alike.
Strategic Benefits of the Acquisition
- Expanded Access to Highly Skilled Talent: WorkGenius clients will gain access to Futurepath’s database of 12,500 highly qualified candidates, including top-tier engineers, software developers, and other in-demand STEM talents.
- Sector Expertise at Scale: Futurepath’s proven expertise in sourcing talent in automotive software, electric vehicles, car operating systems, and engineering will now be made available across WorkGenius’ client base in the U.S. and Europe.
- Futurepath’s anonymized matching insights will power the continued refinement of WorkGenius’ proprietary AI-matching technology, enabling even greater precision in freelancer and contractor placements
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Commitment to CARIAD and Volkswagen
Futurepath will continue to operate as a standalone brand, remaining dedicated to CARIAD SE and Volkswagen as a strategic sourcing partner. Leveraging WorkGenius technology, Futurepath will continue to improve its service levels while maintaining its sharp focus on EV, automotive software, highly technical talent, software development, and engineering.
Win for All Stakeholders
- Volkswagen: Benefits from WorkGenius’ AI technology being deployed at Futurepath, enhancing talent sourcing for highly specialised roles.
- WorkGenius Clients: Gain access to a pool of specialised talent in fast-growing industries like EV and automotive software.
- Futurepath & WorkGenius Teams: Join forces to serve the growing freelance and contingent talent market in Germany and the USA.
Statements
Marlon Rosenzweig, CEO & Co-founder of WorkGenius:
“This acquisition is a natural next step. Futurepath‘s unmatched expertise in sourcing highly technical talent combined with WorkGenius’ AI technology will create even greater value for clients in Germany, the U.S., and beyond. It’s a win for Volkswagen, a win for our clients, and a win for our teams.”
Source: PRNewswire
