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UK – Staffline makes acquisition to drive revenue

24 September 2012

Staffline Group (STAF:LSE) has strengthened its driving division through the acquisition of Go New Recruitment Limited, a specialist provider of driving and logistics recruitment services, the company reported on Monday.

Metrics of the deal were not published.

The firm said that the acquisition is in line with its business strategy of targeting selective bolt-on acquisitions to expand its customer base and revenue mix. Recent acquisitions have helped Staffline increase half-year revenue by +36% to £163.9 million. 

Go New Recruitment is a recruitment service provider to the logistics, manufacturing, supply chain and transport industries with offices located across England.

In August 2012, the company acquired DKM Driving Limited, a Nottingham-based provider of temporary staff drivers. 

Staffline specialises in outsourcing personnel to the industrial sector and is the 16th largest staffing provider in the UK.

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