Rethink acquisition could see Birmingham expansion

TALENT management and recruiter, Rethink Group, which has an office in Birmingham, has strengthened its digital offering through a new acquisition.

The company has added the expertise of specialist digital recruitment agency, Digital Gurus to its service offering. Details of the acquisition have not been disclosed.

The deal will enable Digital Gurus to become the first firm in the digital sector to offer a full range of talent acquisition and management services.
 
The deal will also have a significant financial impact, taking Rethink Group’s projected 2016 turnover to £140m and growing its global workforce to more than 200 client-facing consultants across 10 global offices, managing over 1,000 clients.
 
Digital Gurus’ brand presence in London, Dubai and Sydney will be retained following the deal. However, the firm will work with its new owner to present a stronger digital, technological and analytical offer.

The move could see Digital Gurus further expand in the UK with Birmingham, Manchester and Bristol all under consideration for potential offices.

The new deal comes less than a year after Rethink’s acquisition of Consort, an RPO talent management specialist that bolstered its presence in the financial and retail sectors. The subsidiary has now been successfully integrated into the group’s talent management brand, RTM; creating 15% growth and increasing RTM’s turnover to £65m last year.

Rethink Group CEO Steve Wright said: “The convergence of traditional IT and the explosion of digital technology means that UK corporates must start planning to address the new digital skills demands that are forecast over the next four to five years.”

He said a recent study by O2 had predicted that 766,000 new digital jobs would be created in the UK by 2020.