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.
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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.