Business
China Acquisition
China Acquisition.
About this update from Robert Walters Plc
[{"type":"text","content":"\n Robert Walters PLC\n25 February 2008\n\n\n\n\n\n25 FEBRUARY 2008\n\n\n\n ROBERT WALTERS PLC\n\n ('Robert Walters' or 'the Company')\n\n\n ACQUISITION OF TALENT SPOTTER\n\n\nRobert Walters, the international recruitment consultancy, today announces the\nacquisition of a 70% interest in Talent Spotter, a specialist professional\nrecruitment business based in mainland China. The consideration, payable in cash\nover 2 years, is RMB 20 million (approximately £1.4 million).\n\n\nKEY POINTS:\n\n\n• The acquisition of Talent Spotter provides Robert Walters entry into the\n dynamic and rapidly expanding recruitment market in mainland China.\n\n\n• The acquisition strengthens Robert Walters's position as the leading\n specialist recruitment business in Asia.\n\n\n• Talent Spotter has two established offices and 49 staff.\n\n\n• Talent Spotter's head office is in Shanghai; the second office is in\n Suzhou, a city with a population of c. 10 million, located 75 miles inland \n from Shanghai, and one of the most prosperous in China.\n\n\nRobert Walters, Chief Executive of Robert Walters plc, commented:\n\n\n'I am delighted to announce the acquisition of Talent Spotter, which further\nstrengthens our position as the leading specialist professional recruitment\nbrand in Asia.'\n\n\nCarter Yang, Chief Executive of Talent Spotter, added:\n\n\n'As a vigorous fast growing firm, Talent Spotter is pleased to partner with\nRobert Walters. We believe that our local presence in China combined with the\ninternational expertise and global reputation of Robert Walters will add more\nvalue to both clients and candidates. We see this as the first stage in\nbuilding a major presence in the mainland China market.'\n\n\nENQUIRIES:\n\nRobert Walters plc +44 (0) 20 7379 3333\nRobert Walters, Chief Executive\nAlan Bannatyne, Finance Director\n\nPelham PR\nJames Henderson +44 (0) 20 7743 6673\n [email protected]\nArchie Berens +44 (0) 20 7743 6679\n [email protected]\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName":"div"}]