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Germany – StepStone acquires YOURCAREERGROUP

09 October 2013

Online job board StepStone has announced its takeover of YOURCAREERGROUP from 1 January 2014. A purchase agreement was signed between StepStone GmbH, a subsidiary of Axel Springer AG, and the founders of YOURCAREERGROUP for the acquisition of all shares.

YOURCAREERGROUP was set up in 1999 and has established itself as one of the leading recruiting partners for jobs in the hotel, catering and tourist industries on the German-speaking market. The Group employs 49 members of staff and runs a total of nine online portals, including ones in Germany, Austria and Switzerland.

Dr. Jens Müffelmann, Head of Electronic Media at Axel Springer AG, said: "This takeover means that StepStone is consolidating its position as market leader in Germany and as one of the leading online job boards in Europe. Axel Springer is thus continuing with its growth campaign in the classified market."

Arne Lorenzen, founder of the YOURCAREERGROUP, stated: "Becoming a member of the StepStone Group under the umbrella of Axel Springer Digital Classifieds is a milestone in our company's development and represents significant progress in the search for candidates in the tourism industry. Thanks to the combination of our in-depth knowledge of the industry and the outstanding technology and reach of StepStone, we will also be able to substantially improve our services for both customers and users alike. The international focus of StepStone with caterer.com and catererglobal.com are additional advantages for our globalised industry".

Dr. Sebastian Dettmers, Managing Director at StepStone.de stated: "It is our mission to match candidates to their ideal jobs quickly and easily by using intelligent search technology. The takeover of YOURCAREERGROUP will allow us to reach new target groups in growing global industries. Together, we will be able to exploit additional potential even better in the future."

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