Irish recruitment consultancy firm Morgan McKinley is to acquire outsourcing business Abtran for an undisclosed sum.
The tie-up – which will require approval from the Competition and Consumer Protection Commission – will create a company with 2,500 staff and around €300m in annual revenues.
However the two businesses plan to retain their separate brands and management teams following the merger.
The companies said the bringing together of the businesses would create "a fully integrated, multinational business providing services across several continents".
This, they said, would allow them to explore mutually beneficial expansion opportunities in Ireland and globally.
"Combining the operations of a prominent business process management services company with a well renowned professional services recruitment business will create a strong domestic and international market proposition that will strongly appeal to current and future clients of both connected businesses," said Aisling Deasy, CEO of Abtran. "It also helps to enhance our resourcing and talent acquisition which will further strengthen our operations."
"This combination of two successful and highly complementary businesses will enable us to extend our global reach with a wider range of in-demand services," said Gerald Fitzgerald, CEO of Morgan McKinley. "It places us strategically onto a future growth trajectory that will create benefits for our clients, our colleagues and the organisations and industries who partner with us to remain competitive in a challenging global environment."
