UK-based international specialist staffing firm Empresaria Group has announced that it is buying 65% of information technology-focused staffing group ConSol for a total cash consideration of £9.4 million.

The remaining 35% interest is held by the senior management team, in line with Empresaria's management equity philosophy.

ConSol is a specialist recruitment group in the IT sector with a focus on the niche sectors of communications & mobile, cloud technologies and the digital supply chain, operating in the UK, USA and Continental Europe.

The investment complements Empresaria's stated growth strategy of developing leading brands in their sectors, with a business that is already diversified geographically. The business is focused on specialist professional roles and has a good proportion of contract income. The niche sectors in which they operate are expected to see strong growth opportunities in the coming years and this investment will strengthen Empresaria's presence in the IT & Design sector.

Alongside the strategic rationale, ConSol is profitable and cash generative. The Board believes the investment will be earnings neutral on an adjusted basis in the 2016 financial year and will be earnings enhancing on an adjusted basis in its first full year in the Empresaria group.

"We are delighted to announce another investment in a leading brand, in line with our stated strategy, which further strengthens our presence in IT recruitment, a market with high growth prospects,” Chief Executive Officer, Joost Kreulen said. “The ConSol business is geographically diversified, profitable and cash generative, with a good proportion of temporary/contract business and a track record of strong organic growth. This investment complements Empresaria's current operations and is expected to be earnings enhancing during its first full year with Empresaria. We are excited by the growth plans for ConSol as part of the Group and look forward to working with the management team to ensure we maximise the potential for the business."

In July, Empresaria announced the acquisition of an 82.6% interest in New Zealand-based Rishworth Aviation Limited and its sister companies (together known as Rishworth) for £7.5 million cash.