Robert Walters PLC
25 February 2008
25 FEBRUARY 2008
ROBERT WALTERS PLC
('Robert Walters' or 'the Company')
ACQUISITION OF TALENT SPOTTER
Robert Walters, the international recruitment consultancy, today announces the
acquisition of a 70% interest in Talent Spotter, a specialist professional
recruitment business based in mainland China. The consideration, payable in cash
over 2 years, is RMB 20 million (approximately £1.4 million).
KEY POINTS:
• The acquisition of Talent Spotter provides Robert Walters entry into the
dynamic and rapidly expanding recruitment market in mainland China.
• The acquisition strengthens Robert Walters's position as the leading
specialist recruitment business in Asia.
• Talent Spotter has two established offices and 49 staff.
• Talent Spotter's head office is in Shanghai; the second office is in
Suzhou, a city with a population of c. 10 million, located 75 miles inland
from Shanghai, and one of the most prosperous in China.
Robert Walters, Chief Executive of Robert Walters plc, commented:
'I am delighted to announce the acquisition of Talent Spotter, which further
strengthens our position as the leading specialist professional recruitment
brand in Asia.'
Carter Yang, Chief Executive of Talent Spotter, added:
'As a vigorous fast growing firm, Talent Spotter is pleased to partner with
Robert Walters. We believe that our local presence in China combined with the
international expertise and global reputation of Robert Walters will add more
value to both clients and candidates. We see this as the first stage in
building a major presence in the mainland China market.'
ENQUIRIES:
Robert Walters plc +44 (0) 20 7379 3333
Robert Walters, Chief Executive
Alan Bannatyne, Finance Director
Pelham PR
James Henderson +44 (0) 20 7743 6673
james.henderson@pelhampr.com
Archie Berens +44 (0) 20 7743 6679
archie.berens@pelhampr.com
This information is provided by RNS
The company news service from the London Stock Exchange