Networkers buys Comms Group

AIM-traded technology recruiter Networkers International has accelerated its overseas expansion through the acquisition of the Comms Group.


AIM-traded technology recruiter Networkers International has accelerated its overseas expansion through the acquisition of the Comms Group.

AIM-traded technology recruiter Networkers International has accelerated its overseas expansion through the acquisition of the Comms Group.

Guided by the ambitious Spencer Manuel, CEO, Networkers has bought Comms for a ‘nominal’ cash consideration and a commitment to inject £750,000 into its working capital coffers. Set up in the early 1990s, Comms enjoyed net fee income of £4 million on £20 million sales in 2008 and provides staffing and other recruitment services to the telecoms, energy and ICT (Information and Communications Technology) sectors.

A diverse business – operations span the UK, Europe, the Middle East, America, the Far East and Australia – Manuel insists Comms will help Networkers accelerate its international expansion in the telecommunications and energy markets.

Strongly cash generative and with a ‘healthy balance sheet’, Networkers continues to run the rule over potential acquisitions ‘that may present themselves at this point of the economic cycle’.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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