Staffline Group PLC Acquisition of Passionate About People (4286C)

TIDMSTAF

RNS Number : 4286C

Staffline Group PLC

01 October 2018

 
 For immediate release   1 October 2018

STAFFLINE GROUP PLC

("Staffline" or the "Group")

Acquisition of Passionate About People Limited ("Passionate About People")

Staffline, the Recruitment and Training group, is pleased to announce the acquisition of the entire issued share capital of Passionate About People (the "acquisition").

Passionate About People was established in 1998 and comprises two companies: Omega Resource Group Limited, a leading UK provider of blue-collar, flexible, staffing solutions to the aerospace, automotive, construction, energy, logistics and manufacturing sectors, and Datum RPO Limited, a leading provider of recruitment process outsourcing solutions to blue-chip clients.

The acquisition is consistent with Staffline's strategy of accelerating the growth of its Recruitment division through select, complementary acquisitions that bring strategic benefits to the Group. The acquisition broadens the Group's UK footprint, in particular in South West England, with branches in Swindon and Gloucester and minimal overlap with the Group's existing presence.

In the year ended 30 June 2017, Passionate About People reported revenues of GBP72 million and an operating profit of GBP2 million. Consideration will be funded from Staffline's existing resources and is in line with our acquisition criteria.

Chris Pullen, Chief Executive Officer of Staffline, commented:

"Passionate About People is a highly complementary fit to our existing recruitment activities and will broaden our sector coverage, expand our UK footprint and enable us to offer our clients new services through Datum and Omega. The acquisition gives us access to new sectors in aerospace, energy and construction, as well as increasing our market share in manufacturing, whilst further strengthening our market leading position in the automotive and logistics sectors.

"The acquisition supports Staffline Recruitment's vision to be the trusted market leader, providing a single destination for blue- collar workers and employers to connect across the UK. I look forward to welcoming the Passionate About People team to the Group."

 
 For further information, please contact: 
 Staffline Group plc                           via Vigo Communications 
  www.stafflinegroupplc.co.uk 
  Chris Pullen, Chief Executive Officer 
  Michael Watts, Group Chief Financial 
  Officer 
 
 Liberum NOMAD and Joint Broker 
  www.liberum.com 
  Steve Pearce / Joshua Hughes                 020 3100 2222 
 
 Berenberg Joint Broker 
  www.berenberg.com 
  Chris Bowman / Toby Flaux                    020 3207 7800 
 
 Vigo Communications Financial PR              020 7390 0230 
  www.vigocomms.com                             staffline@vigocomms.com 
  Jeremy Garcia / Antonia Pollock / Charlie 
  Neish

Note for Editors

About Staffline - Recruitment, Training and Support

Enabling the Future of Work(TM)

Staffline is the UK's market leading Recruitment and Training group. It has two divisions:

Recruitment Division

The UK's leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,500 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing. It operates from over 400 locations in UK, Eire and Poland.

Its world leading Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.

PeoplePlus Division

The leading adult skills and training provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.

Education and Training - market leading provider of training courses for private sector Apprenticeships (both Levy and non-Levy) and Government funded Adult Skills programmes.

Employability - top quartile performer, supporting Government programmes providing back-to-work education and support services to the unemployed.

Justice and Community - education and training services for prisoners and ex-offenders, as well as individual support services for carers and people with disabilities, both at home and in the work place.

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