Impellam strengthens education recruitment position with acquisition

7th Mar 2014 07:23

Employment and outsourcing group Impellam is to buy teaching recruitment firm Career Teachers for 22.3m pounds in an effort to strengthen its position in the education market in the UK.Career Teachers is a specialist education recruitment business which places teachers at over 450 primary and secondary schools across London and the surrounding boroughs.AIM-listed Impellam is buying the firm for an initial cash consideration of £19.1m, a deferred cash consideration of £1.5m and the issue of £1.7m loan notes."Career Teachers is a market leader in the provision of teachers in the London and Greater London market place and is an excellent fit into our Specialist Staffing portfolio," said Impellam's Chief Executive Julia Robertson.She said that while the company complements Impellam's existing Celsian Education business, "the personality and identity of the Career Teachers brand will be retained and the two businesses will continue to be managed separately".BC