Specialist IT staffing firm InterQuest Group announced the completion of the acquisition of 95% of the issued share capital of Albany Beck Consulting Limited, a staffing and consulting firm based in London.

InterQuest Group had first announced last month that it would acquire Albany Beck. The consideration for the acquisition will be satisfied through the issue of 13.3 million new ordinary shares in the company to the selling shareholders of Albany Beck.

Completion of the acquisition was conditional upon Albany Beck and the selling shareholders having complied with the provisions contained in Albany Beck's articles of association. Application will be made to the London Stock Exchange for the admission of 13.3 million consideration shares to trading on AIM. Following admission, the issued share capital of the company will consist of 51.9 million ordinary shares.

Albany Beck specialises in providing recruitment solutions to the banking and financial sector.