Click Holdings Completes Acquisition of Bowser Human Resources and Top Team Consultants to Expand Talent Pool and Drive Growth

CLIK
November 18, 2025

Click Holdings Limited announced the completion of its acquisition of 100% equity interests in Bowser Human Resources Limited and Top Team Consultants Limited, two Hong Kong‑based human‑resources solution providers. The transaction was executed on November 17, 2025, with Click issuing 1,885,350 Class A ordinary shares for Bowser and 232,256 shares for Top Team, a total of 2,117,606 shares. The deal is expected to close on or before the end of November 2025.

The acquisitions add more than 23,200 professionals to Click’s talent pool and reinforce its presence in the professional services and logistics segments. By combining Bowser’s and Top Team’s industry expertise with Click’s AI‑powered platform, the company aims to deepen its competitive moat in Hong Kong’s senior‑care and broader HR market. The all‑stock structure preserves cash while providing the acquired firms’ management teams with equity incentives aligned with Click’s long‑term growth objectives.

Management projects the combined entities to generate approximately 200 % growth in professional‑services sales and 15 % growth in logistics sales relative to the pre‑acquisition baseline. The projected upside is driven by the expanded talent network, cross‑selling opportunities, and the ability to deploy Click’s AI platform across a larger client base. The company also expects immediate cost synergies and operational efficiencies, although specific dollar amounts have not been disclosed.

Click’s 2025 full‑year revenue rose 89.3 % to HKD 83.5 million (USD 10.75 million), underscoring the company’s rapid scale. The acquisitions are positioned to accelerate that trajectory, but the all‑stock nature of the deal will dilute existing shareholders. The company’s valuation remains low, with a P/E of 3.68 and a P/B of 0.64, suggesting that the market has room to absorb the upside from the expanded operations.

Founder and CEO Jeffrey Chan said the deals “affirm our ambition to continue expanding our presence in the market” and highlighted that the acquisitions “create immediate synergies across our business segments in professional services and logistics, driving both operational efficiency and cost reduction.” He added that the combined entities would “drive approximately 200 % growth in sales of the professional services sector and 15 % growth in the logistics sector.” These comments signal confidence in the strategic fit and the expected performance impact.

The transaction represents a key milestone in Click’s strategy to grow through targeted acquisitions and to leverage AI technology to deliver differentiated HR solutions. While the deal value remains undisclosed, the announced share issuance and projected growth metrics provide a clear view of the company’s expansion plans and the potential benefits for its clients and stakeholders.

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