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StepStone ASA acquires Danish IT job portal IT-Jobbank.

NORDIC BUSINESS REPORT-3 July 2006-StepStone ASA acquires Danish IT job portal IT-Jobbank(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian online recruitment solutions and services provider StepStone ASA said on Monday (3 July) that it has acquired Danish IT job portal IT-Jobbank.

The purchase consideration comprises a fixed sum of EUR2m and additional payments based on future performance.

The transaction makes StepStone market leader in the Danish e-recruitment market.

IT-Jobbank is expected to achieve revenues of over EUR1m in the first half of 2006.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUDE
Date:Jul 3, 2006
Words:110
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