French recruitment firm Groupe Crit (CEN: FP) today announced the acquisition of California-based specialist IT and project management staffing company, Actium Consulting. The acquisition was made via Groupe Crit’s US subsidiary PeopleLink. Actium Consulting achieved revenue of USD 20 million in 2013. 

No financial details of the acquisition were released.

The acquisition will enable the Group to strengthen its IT Professional Staffing division and enter new states, including Northern California, which is home to the IT industry. Groupe Crit also advised that it will also be able to extend its expertise in the management of public and private IT projects, and benefit from a pre-existing portfolio of contracts in the medium to long-term. 

The Sacramento-based company has a presence in several US states; namely California, Michigan, Massachusetts, South Carolina, Iowa, Idaho, Kansas, and Texas.

Groupe Crit has invested heavily in the United States over the past couple of years and has revealed ambitions to increase their market share further. The company’s most recent acquisition, before Actium Consulting, was in February 2014.

Following the announcement, the company’s share price rose by +0.8% to €45.57, an increase of +175.2% compared with a year ago. Based on its current share price, the company has a market value of €511.3 million.