25th Aug 2005 09:03
25th August, 2005 Daily Mail and General Trust plc (`DMGT') DMGT expands online job division with two acquisitions Top Consultant and Office Recruit join fast-growing portfolio of recruitmentsites.Associated New Ventures (ANV), a division of Associated Newspapers Ltd (ANL)the publishers of the Daily Mail, today (Thursday) announced it has acquiredboth Zambeasy Ltd, the publisher of Top-Consultant.com and Office Recruit Ltd.the publisher of officerecruit.co.uk. The two deals have a combined price of ‚£4.1m, including estimated earn-out payments.Top-Consultant.com is the number one UK recruitment site for managementconsultants. Officerecruit.co.uk publishes classified listings of vacancies forsecretaries, administrators, customer service and telesales, accounts and legalclerks.These two acquisitions follow the acquisition of Jobsite by DMGT in March 2004for ‚£35m.In recent months, Jobsite has launched three new niche sites for thepharmaceutical sector (emedcareers.co.uk), for secretarial vacancies(secrecruit.co.uk) and for jobs in Scotland (scotrecruit).Andrew Hart, managing director, ANV, commented: "In the last year we've seenJobsite go from strength to strength and it was our aim to find relatedprofitable companies to sit within Jobsite as part of an expanding Jobsdivision. Top Consultant and Office Recruit both present us with uniqueopportunities to realise this goal. We've watched both companies and have beenimpressed by their management teams and the sites' potential."Keith Potts, Managing Director of Jobsite said: "Online recruitment is aflourishing and profitable market. These acquisitions fit well with ourstrategy to build specialist vertical sites which complement Jobsite'sstrengths."Both businesses will continue to be run by their current management teams asstand-alone operations. Their sites will retain their brand names andstrengthen Jobsite's offering, providing a one-stop shop for recruiters and jobhunters.Enquiries:Peter Williams, Finance Director, DMGT 020 7938 6631Andrew Hart, Managing Director, ANV 020 7927 8675Andrew Honnor, Tulchan 020 7353 4200 Daily Mail and General Trust plcNorthcliffe House, 2 Derry Street,London, W8 5TTTel 020 7938 6000Fax 020 7938 4626www.dmgt.co.ukRegistered in England and Wales No. 184594ENDDAILY MAIL & GENERAL TRUST PLCRelated Shares:
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