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Staffline Group (STAF:LSE), which places personnel to the industrial sector, reported today that it has acquired “certain assets and commercial relationships from DKM Driving Limited”, a Nottingham-based provider of temporary staff drivers.
The acquisition is in line with Staffline's business strategy of making selective acquisitions to broaden revenue streams and is part of the development of the Group’s driving division.
The company has not published metrics on the deal and when contacted by Staffing Industry Analysts a spokesperson said the press release was “deliberately brief”, declining to disclose any more information.
This comes after the firm announced in May that it was evaluating bolt-on acquisitions, which could increase its client focus and shareholder value. Last year, revenue rose by +40% to £288.3 million, largely supported by a number of acquisitions the firm had made, including UK staffing businesses such as Taskforce in September 2011, FourstaR in April 2011 and Kelburn Industrial in January 2011.
Staffline is the 16th largest staffing firm in the UK according to Staffing Industry Analysts.
The firm offers recruitment and outsourced human resource services to industry, providing temporary staff to customers as the placement of permanent staff to customers. The firm’s subsidiaries include Staffline Recruitment Limited, Onsite Partnership Limited and Peter Rowley Limited. It was founded in 1986 and operates nationwide with headquarters in Nottingham.