Gattacawww.gattacaplc.com TICKER: GATC EXCHANGE: AIM
Gattaca, formerly listed as Matchtech Group, has over 30 years' experience providing niche recruitment services to the engineering, technology, professional staffing and the employability & skills markets. The Group is recognised as the UK's leading specialist recruitment agency providing contract, professional contract and permanent staff.
Matchtech Group is the UK's number 1 supplier of engineering staff (85% of EBIT) serving blue chip clients like Jaguar Land Rover , BAe Systems (via Xchanging), Transport for London and Atkins. It operates in the 'sweet spot' of the recruitment industry, placing 'hard-to-find' technical personnel.
This morning Matchtech has announced a placing of 1,050,000 shares at 405 p, raising £4.3m. The proceeds of the Placing will be used to repay the drawdown on the Group's existing lending facility which was used to fund the acquisition of Application Services Limited, trading as Provanis, announced on 6 September 2013.
Matchtech has also announced the very significant appointment of Brian Wilkinson as Executive Chairman with effect from 2 December 2013. Brian has worked in the recruitment industry for over 30 years, most recently as an Executive Board member of Randstad Holdings NV, the world's 2nd largest recruitment company, and brings to the Group a track record of successful international strategic development and extensive experience of professional services recruitment.