IT Human Resources plc acquires Swan iT Recruitment

IT Human Resources plc, one of the UK’s leading independent human capital resourcing and software solutions specialists have acquired UK based Swan iT Recruitment Ltd for an undisclosed fee.

The announcement comes as IT Human Resources plc releases their preliminary results for the financial year ended 31st March 2011 showing Group turnover coming in at just under £24m, whilst profits were in line with expectations and historic trading.

Sean Gallagher, Managing Director commenting on the announcement said: “Acquiring a likeminded company to complement our existing business has been a key target in our growth plans for some time. Swan iT Recruitment, very much like ITHR, are an extremely profitable and well managed business and a specialist in a sector of the market which we do not currently serve.  The synergy between our two organisations was simply compelling and we are delighted to be able to welcome Swan iT Recruitment to the ITHR Group of Companies. We are confident that the skills and expertise acquired will help the whole Group to even greater successes in the coming years.”

Mark Bettridge, Managing Director of Swan iT Recruitment added: “We have always prided ourselves in being specialists in our sector and in creating valuable long term partnerships with our clients and candidates. As part of the ITHR Group we can look forward to building on our key strengths and reap the benefits of being part of a growing organisation which shares our vision for the future and is committed to excellence in the market place.”