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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

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).

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