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Progility plc (AIM: PGY), the project management services group, is pleased to announce the acquisition of Sue Hill Recruitment & Services Limited ("Sue Hill Recruitment"), a specialist employment agency to the UK information, market research, insight and analysis sectors, from its founders.
Sue Hill Recruitment provides executive search, managed services and the placement of permanent, interim and contract personnel into the public and private sectors. Founded in 1997, Sue Hill Recruitment has established a strong brand and reputation in the marketplace.
The acquisition of Sue Hill Recruitment adds further scale and strength to TFPL, the Group's existing recruitment business which was acquired in July 2013. As the two businesses operate in very similar and complementary markets the Board believes there will be many benefits from combining the two.
Sue Hill, Managing Director of Sue Hill Recruitment, will remain with the Group following completion of the acquisition.
Wayne Bos, Executive Chairman and Interim CEO of Progility said:
"I am excited to welcome Sue and her team to the Group and pleased that she and her partner have had the confidence to entrust the business she created and has grown over the last 16 years to the Group. Sue Hill Recruitment is an ideal fit for our Recruitment Division, given its obvious synergies with TFPL, and we envisage that the combination of these two businesses will not only increase the division's critical mass but also - through the increased use of shared services and other economies of scale - enhance the profitability of our Recruitment Division. "