Monster.com has announced that TMP Worldwide closed the acquisition of the issued and outstanding stock of Jobline International AB (Stockholm Stock Exchange: JOBL) on July 23, 2001. The offer for Jobline International, a leading online recruitment service based in Sweden, has been accepted by shareholders owning approximately 98.41% of the companyís capital.
The acquisition of Jobline, one of Europeís leading online professional search companies, solidifies Monsterís presence in Europe by increasing overall brand recognition, site traffic, and resume postings. As part of Monster.comís overall global expansion strategy, the completed Jobline acquisition bolsters Monsterís total number of European sites to 14 and international sites to 21, with the addition of five new European countries: Sweden, Norway, Denmark, Switzerland, and Finland.
The combination of Monster.comís and Joblineís products and services in Europe will provide job seekers with access to quality career opportunities and support services and guidance, with employers now having access to a resume database of over two million quality candidates in Europe alone.
ìSince its inception in 1997 in Sweden, Jobline has grown into a leading online career site and one of the top online recruiting companies in Europe, with a strong presence in 11 countries,î said Jeff Taylor, CEO of Monster.com. ìThe combination of the innovative career market offerings of Jobline with Monster.comís established leadership position in the global recruiting market results in an enhanced European career center both for job seekers and employers. With this acquisition, Monster.com is laying the foundation to becoming the overall leading career site in all of Europe, an emulative global brand, and the premier destination for international jobseekers.î
www.monster.com
Monster.com closes acquisition of Jobline International AB - 08/2001
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