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UK — Networkers International acquires Comms Group

17 December 2009

Networkers International Plc. (NWKI:LSE), the IT and telecoms staffing specialist has announced the acquisition of the entire share capital of Comms Group, an international recruitment business for a nominal cash consideration and a commitment to inject 750,000 Pounds into the company's working capital.

Set up in the early 1990's, Comms Group generated revenues of 20 million Pounds in 2008 and a net fee income of 4 million Pounds.


Networkers International CEO Spencer Manuel said that Comms diverse operations in the UK, Europe, the Middle East, America, the Far East and Australia will help Networkers accelerate its international expansion in the telecommunications and energy markets.
 
In early trading Networkers International shares were unchanged at 26.25 Pence.

 

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