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Morson Acquisition of Acetech | 12.07.2010

We are pleased to announce that the Morson Group has agreed the terms for the acquisition of the business, contracts and fixed assets of Acetech Personnel Limited ("Acetech").

For your information, please read our formal announcement.

We are all excited by this acquisition and the opportunities this will provide in further enhancing our portfolio of services, along with strengthening our market position. we look forward to working with our new members of staff, clients and contractors.

Commenting on the acquisition, Morson Chief Executive, Ged Mason, said:
"Babcock International Group plc is a longstanding, significant and exciting business operating across our core markets. The acquisition of their "in-house" recruitment business is a very welcome addition to the Morson portfolio and significantly strengthens the relationships with the Babcock Group. We are very pleased to welcome the experienced staff of Acetech and look forward to providing our services to the Babcock Group. We are confident this strategic acquisition will provide additional opportunity and increased market share and position Morson well for any future upturn in the market."