Stuart Gentle Publisher at Onrec

Monster Buys - 06/2000

European Expansion Gains Momentum

In a deal worth $13.1, Monster has outright bought the leading Scottish recruitment web site. Jeff Taylor, CEO of said: ìThe European Network is the major focus for Monsterís global expansionî. ìAcquisition of this Scottish site which like is already profitable is crucial to our rapidly developing footprint in this regionî. The purchase will give Monster further access to the UK recruitment market by acquiring the 65000 job seekers who visit the site on average per month.

Andrew Wilkinson, MD of Europe said ìThe acquisition of will also give an even stronger foothold into the UK marketî. TMP, the global staffing company behind Monster has developed a reputation for acquisitions. It purchased Monster in 1996 and had used the site as a vehicle for worldwide expansion.