Business News

Acquisition of The Career Engineer Limited

Thursday 24. January 2008 - Trinity Mirror plc is pleased to announce the acquisition of The Career Engineer Limited, an online job board specialising in the engineering profession.

It was acquired for an initial consideration of £1.9m and a deferred consideration of up to £400k, which is wholly conditional on the achievement of specified operating targets over the next 12 months.
The Career Engineer Limited is expected to generate revenues of over £500k in its first year of ownership.
This new acquisition will form part of the growing Trinity Mirror Digital Recruitment portfolio and will be our leading jobsite in engineering.
Sly Bailey, Trinity Mirror CEO, said: “Career Engineer is a great fit for our digital recruitment portfolio bringing new revenues and further building our position in this growing market”.