Last checked at 4 Aug 2008 07:09
PRESS RELEASE - Embargoed until 0700 hours 4 August 2008
EMPRESARIA ENTERS FINNISH AND ESTONIAN MARKETS
CRAWLEY, UK: Empresaria Group plc, the AIM-quoted global staffing specialist, has expanded its international footprint by acquiring a 60% stake in the specialist staffing companies, MediradiX Oy (Finland) and MediradiX Oü (Estonia), which provide doctors, dentists and nurses for hospitals and health centres on a temporary basis.
This investment signifies Empresaria's entry into both Finland and Estonia for the first time and means the company now operates in 22 countries worldwide.
MediradiX was set up in 2003 and is headed by Managing Director, Ralf Hjorth. It employs both Finnish and Estonian workers.
Empresaria's Chief Executive Miles Hunt said: "MediradiX operates in a region with significant growth opportunities. There is an increasing trend of Estonian doctors applying for permission to work abroad, providing MediradiX with a strong pool of candidates in a sector experiencing a skills shortage in Finland. Our investment is in line with a very defined Group policy of focussing on high growth staffing businesses, in different geographic markets and in diverse, specialist sectors. I look forward to working closely with Ralf and his team."
ENDS
Ticker symbol: EMR
Editor's Notes - About Empresaria
Empresaria operates in 22 countries and has over 150 offices and over 1000 internal staff.
Approximately 60% of the Group's net fee income is generated outside the UK, and over 70% of net fee income is generated from temporary and contract business.
Empresaria applies a management equity philosophy and business model with each group company management team holding significant equity in their own business.
Empresaria was last year named International Business of the Year at the 2007 Fast Growth Business Awards, and last month was awarded Company of the Year for the greatest increase in both top-line and bottom-line growth at the Business Achievement Awards.
For further information contact: Madeleine Pallas, Head of Group Communications, Empresaria Tel: +44 (0) 1293 649906 or Mobile: +44 (0) 7973 326 422. Email: pallasm@empresaria.com . Web: www.empresaria.com