Associated New Ventures (ANV), a division of Associated Newspapers Ltd (DMGT) today announces the acquisition of both Zambeasy Ltd, the owner of Top-Consultant.com and Office Recruit Ltd. the owner of officerecruit.co.uk. In a deal worth 4.1m, the two companies will join Jobsite, an online recruitment site, as part of ANVís growing portfolio of recruitment sites.
The move follows the acquisition of Jobsite by DMGT in March 2004 for 35m and is a part of a larger strategy by the company to target new markets, and in the long term, significantly extend site reach, capabilities and footprint across Europe. Under the new agreement, Top Consultant and Office Recruit will retain their brand names and strengthen the DMGT portfolio with an aim to provide a more specialised service for job hunters and recruiters.
Top-Consultant, the number one UK recruitment site for management consultants, was bought for 2.25m. The management team, led by Paul Chantry and Tony Restell, will continue to run the business as a separate operation.
In a separate deal, Office Recruit Ltd, the owner of Officerecruit.co.uk and leading recruitment portal of the growing commercial sector was acquired for 1.85m. As with Top Consultant, the Office Recruit management team led by Jim Ryan and Lucien Sullivan will also run as a stand-alone business.
Both acquisitions follow the recent launch by Jobsite of three new niche sites for the pharmaceutical (emedcareers.co.uk), secretarial (secrecruit.co.uk) and for jobs in Scotland (scotrecruit) part of Jobsiteís strategy to provide candidates and recruiters an expanded option of vacancies to choose from.
Andrew Hart, managing director, ANV, commented: ìIn the last year Jobsite has gone from strength to strength and it was our aim to find related profitable companies to sit within Jobsite as part of an expanding jobs division. Top Consultant and Office Recruit both present us with unique opportunities to realise this goal. We have watched both companies and have been impressed by their management teams and site potential.î
Keith Potts, Managing Director of Jobsite said: ìThis acquisition fits into our overall strategy to increase market share by further benefiting candidates and recruiters. Top Consultant and Office Recruit are both reputable brands with impressive services which can only make our overall online recruitment offering stronger and further reinforce our leadership in the market.î
DMGT expand online job division with two acquisitions
Top Consultant and Office Recruit join fast-growing portfolio of recruitment sites led by Jobsite
