a.s.r becomes 100% shareholder of HumanTotalCare

03 July 2025

The shares in HumanTotalCare, which includes ArboNed, HumanCapitalCare, Mensely and Focus, are currently held by three shareholders: ASR Nederland N.V. (a.s.r.), Elechos B.V. and Stichting CbusineZ. a.s.r. has reached agreement with Elechos and CbusineZ to acquire their joint 55% interest in HumanTouch Holding B.V., the parent company of HumanTotalCare B.V. This makes a.s.r. a 100% shareholder of HumanTotalCare. The share transaction is subject to approval by the Netherlands Healthcare Authority (NZa) and the Netherlands Authority for Consumers & Markets (ACM).

With this share transaction, a.s.r. strengthens its position in the field of occupational health and safety services and reintegration. This move is in line with a.s.r.’s strategy to grow alongside organic growth by making targeted investments in other businesses.

Jos Baeten, CEO at a.s.r.: “HumanTotalCare’s services fit perfectly with our vision of work and health, which focuses on vitality, sustainable employability and prevention. We have great confidence in the approach and expertise of the organisation’s staff. This move allows us to further deepen the partnership where it adds value, while the company continues to operate independently and serve its customers in the familiar way”.

Norbert Hoogers, chairman of the board of HumanTotalCare: “We are very happy with the trust that a.s.r. puts in us. The strategic partnership between a.s.r. and HumanTotalCare goes back a long way. With a.s.r. as the sole shareholder, we will continue to implement our multi-year vision & strategy unabated, making a bigger difference for the Dutch working population together with all our professionals. Nothing will change for our customers, employees, and other partners. We will continue to pursue our course from an independent position with the same dedication”.

The works councils of both a.s.r. and HumanTotalCare have issued positive recommendations regarding the proposed decision.