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UK – Penna announces acquisition and strategic partnership

01 July 2015

Penna Consulting (PNA: LSE), the international human resources consulting group, announced that it has acquired Career Café, which trades as 360 Degrees Advertising and 360 Education, a provider of recruitment services to the higher education and student marketing sectors.

These sectors are areas where the Penna management sees good growth potential and the acquisition will broaden the reach and depth of offering in the Company's Recruitment division.

In addition, Penna also entered into an agreement with the Chartered Institute of Public Finance and Accountancy (CIPFA) pursuant to which it will take over CIPFA's recruitment business that places finance professionals into the public sector.

Penna has also entered into a marketing arrangement with CIPFA under which the company and CIPFA will combine their expertise and relationships to provide finance professionals for organisations in the public sector.

Gary Browning, Chief Executive of Penna Consulting, commented: "These two small bolt on transactions are an excellent strategic fit for the company and should prove beneficial to the company's long term growth plans."

The acquisition of Career Café closed on 30 June 2015, financial details were not released.