Hays and Skillsgroup have signed an agreement to acquire IT recruitment agency, QA Myriad for £31.2 million in cash.
But, the acquisition still requires the approval of Skillsgroup's shareholders, and will be considered at an extraordinary general meeting next week.
QA Myriad provides contract and permanent IT recruitment services to mainly blue chip clients in the finance, IT and telecommunications sectors.
Hays IT is part of Hays Personnel Services - one of three major divisions of Hays plc, a FTSE 100 company.
The companies have declined to release further details of the deal at this stage.