Today's big recruitment industry news is that TMP Worldwide has agreed the purchase of the advertising and e-solutions business from Tribal Resourcing, part of Tribal Group.
TMP Worldwide sees the purchase of Tribal Resourcing's advertising and e-solutions business as "a fantastic opportunity to reinforce its position as a leading recruitment organisation both in the private and in the public sector. Not only does the acquired business complement TMP Worldwide's current services in the public sector, it also brings business efficiencies and great strategic partnerships".
Andrew Wilkinson, CEO at TMP Worldwide, said: "This opportunity supports our strategy and determination to grow our resourcing partnerships with clients in both the private and public sector by delivering employer brand led, media and digital based solutions.
"The recruitment markets have been challenging during the recession but as we emerge we are investing in our business. This deal strengthens our resources and broadens our client base as we enter 2011."
Tribal Resourcing is one of the largest recruitment solutions providers to the UK public sector. Its services are based around the attraction, selection, development and retention of staff across its public sector client base.
Tribal will retain the executive search and selection, assessment and interim resourcing business and will work in partnership with TMP Worldwide to continue to provide integrated resourcing solutions to clients.
Julie Towers, Chief Executive of Tribal Resourcing, said:"Tribal Resourcing has been a hugely successful business and has earned its place as the public sector recruitment market leader. I am really proud of what we've achieved but this sale is rightly supportive of the change of strategic direction for Tribal Group announced last year.
"Our remaining executive resourcing and re-organisation work will continue to support Tribal's businesses in education, health and government and we look forward to working in partnership with TMP Worldwide to provide end to end resourcing services to the public sector."
Is this the first of many industry consolidations that we'll see in 2011?