Brisbande-based Data 3 Limited today announced it has signed an agreement to acquire the recruitment business of Fingerprint Consulting Services Pty Ltd.
Sydney-based Fingerprint Consulting Services has been in operation for four years and is a supplier of predominantly IT recruitment to the enterprise.
A total of 10 recruitment specialists will joint Data 3 as a result of the acquisition.
Data 3 managing director John Grant. said the company owners, Steve Grace and Darren McConnell, will continue with the business full time.
This acquisition follows the announcement last month the company has recruited 50 professional staff previously employed by Commander.
The purchase consideration will be based on a multiple of earnings over a three year period, and will be payable in cash.
Grant said the acquisition will have positive but not material impact on earnings per share in the current year, but is expected to grow strongly and contribute positively thereafter.
Data 3 customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities located throughout Australia and Asia Pacific.
The company reported revenues of $285 million in the 2006/07 financial year and $157 million for the first half of the 2007/08 financial year, and has approximately 450 employees.
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