Acquisition
January 25 2007 - 2:02AM
UK Regulatory
RNS Number:0986Q
CPL Resources PLC
25 January 2007
CPL RESOURCES PLC
Acquisition
CPL Resources plc, Ireland's leading employment services group, today (25
January , 2006) announced the acquisition of 75% of share capital of Key 6
Business Solutions s.r.o. from the founder, Enda OCoineen' s through his Mozart
Investment fund, managed by Kilcullen Kapital Partners.
Key 6 Business Solutions s.r.o. is a leading Czech Company registered in Prague
which in turn owns 100% of Key 6 Business Solutions s.r.o established in the
Slovak Republic.
CPL wishes to expand and develop its business in the Central European Region
Key 6 Business Solutions currently has offices in both the Prague and
Bratislava and the company's vision is to grow and develop as a dynamic
recruitment company in the Central European Region
This acquisition forms part of the ongoing development of CPL. Commenting on the
purchase, Anne Heraty, Chief Executive of CPL Resources plc said: "This
acquisition is an ideal fit with our overall strategy for growth and
diversification. It dovetails with our existing business in Poland and
complements our current suite of specialist recruitment companies. CPL Resources
has now made a number of small international investments. We are excited about
the opportunities to continue to deliver growth for our shareholders."
She added that by extending the international presence CPL are now even better
positioned to offer exceptional quality services to our valued clients,
In response to the acquisition, Enda O'Coineen for Kilcullen Kapital Partners
who will retain a share in the company, welcomed the acquisition while adding
that "Key 6 has a dynamic team and now with CPL, the company is ready to take
advantage of great opportunities in Central Europe".
25 January 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQPUUMAGUPMGQC
Cpl Resources (LSE:CPS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cpl Resources (LSE:CPS)
Historical Stock Chart
From Jul 2023 to Jul 2024