Irish provider of resourcing and outsourcing services Berkley has been taken over by UK recruitment company the ReThink Group in a deal initially valued at €2.65m.
Currently employing 30 people and established in 1995, Berkley specialises in serving the pharmaceutical, life sciences, technology and commercial recruitment sectors, as well as providing consultancy services in the engineering field.
Its services range from the supply of contract and permanent professionals, interim and executive search, in addition to the provision of recruitment processing outsourcing/managed service solutions.
In conjunction with the acquisition, the company has appointed Stephen Greenwood and Fergal Brosnan as executive directors of the company with immediate effect.
Brosnan will be managing director of Europe for the Berkley Group, while Greenwood will be CEO of Asian operations for the ReThink Group.
“This acquisition marks a significant step in our growth strategy, increasing our geographic coverage while simultaneously driving expansion into other high-value recruitment markets,” said Jon Butterfield, chief executive of ReThink.
“Berkley operates in markets that complement the existing ReThink operations and has a presence in sectors we have identified as offering exciting opportunities.”
Berkley services clients across Europe and Asia and its strong track record in pharmaceutical and life sciences brings new divisional coverage to the enlarged group.
“The new combined entity will extend Berkley’s reach into other geographic markets, such as the UK and the Middle East, and will provide scale and support to Berkley’s expanding European and Asian operations,” said Brosnan.