Trinity Mirror Buys Career Engineer Job Site For Up To £2.3 Million

Trinity Mirror (LSE: TNI) is continuing on its classifieds sites buy: it has now acquired The Career Engineer, an online recruitment site specializing in the engineering market, for up to £2.3 million.

Trinity Mirror will pay an initial consideration of £1.9 million and rest based on performance in the next 12 months. Career Engineer is expected to generate revenues of over £500K during its first year of ownership. TM’s recruitment portfolio now includes sites such as Secsinthecity.com, GAAPweb, hotonline and its Fish4jobs regional newspaper joint venture. It also bought two recruitment websites, TotallyLegal.com and TotallyFinancial.com, back in May last year.

More in the release here.

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