IT recruitment company, RDL Group plc has announced it is to buy staffing agency, M3 Group for up to £14.165 million, in a bid to strengthen its market position and extend its influence in continental Europe.
Like RDL, M3 Group focuses on 'premium rate' contractors with specialist skills such as SAP and Oracle. Almost half of its business comes from the Continent and it has a database of candidates with internet expertise. These factors, combined with a turnover of almost £22 million in its last financial year, have made the Kent-based...
firm an attractive buy for RDL.
Commenting on the deal, RDL managing director Andy Richards says the acquisition will boost the company's own expansion into Switzerland and the Netherlands, and will maintain its focus on "sourcing and placing contractor talent".