Business
Acquisition of Brightwork Limited
Acquisition of Brightwork Limited.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \nRNS Number : 0683F Staffline Group PLC 15 May 2017 \n\n\n\n\n\nFor Immediate Release\n\n\n15 May 2017\n\n\n\n\n \nSTAFFLINE GROUP PLC\n(\"Staffline\" or \"the Group\")\n \nAcquisition of Brightwork Limited\nStaffline, the Staffing and Employability organisation, today announces the acquisition of Brightwork Limited (\"Brightwork\"), a recruitment business based in Scotland specialising in temporary and permanent jobs in the drinks, warehousing, manufacturing and distribution sectors. \n \nBrightwork has a long and successful history as a multi-sector recruiter for clients across Scotland from offices based in Edinburgh and Glasgow. As previously indicated, the Group has been developing its business in Scotland. The acquisition therefore represents an attractive strategic opportunity to increase footprint in this area, strengthening the Group's geographic reach across the UK, as well as bringing a blue-chip client base. Derek May, Chief Executive of Brightwork, will continue in his role to lead the business\nThe acquisition is expected to be earnings neutral in the current year and is being funded out of Staffline's existing resources.\nAndy Hogarth, Chief Executive of Staffline, commented:\n \n\"Staffline is delighted to announce the acquisition of Brightwork. We have been increasing our capability in Scotland in recent years and this acquisition will accelerate the growth of both businesses as it provides scale, as well as greater geographic coverage and value added services. We can offer our clients a greater national service. We very much look forward to working with all the team at Brightwork and to building a great future together\". \n \n\n\n\n\nFor further information, please contact:\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nStaffline Group plc\n\n\n \n\n\n\n\nAndy Hogarth, Chief Executive\n\n\n07931 175775\n\n\n\n\nChris Pullen, Group Chief Financial Officer\n\n\n07786 265344\n\n\n\n\nwww.staffline.co.uk\n\n\n \n\n\n\n\n \nLiberum Capital Limited\n\n\n \n\n\n\n\nNOMAD and Joint Broker\n\n\n \n\n\n\n\nSteve Pearce / Richard Bootle\nwww.liberum.com\n \n\n\n020 3100 2222\n\n\n\n\nBerenberg\nJoint Broker\nChris Bowman / Marie Stolberg\nwww.berenberg.com\n\n\n \n \n020 3465 2722\n\n\n\n\n \nBuchanan\n\n\n \n\n\n\n...