Acquisition

CPL Resources PLC 25 January 2007 CPL RESOURCES PLC Acquisition CPL Resources plc, Ireland's leading employment services group, today (25 January , 2006) announced the acquisition of 75% of share capital of Key 6 Business Solutions s.r.o. from the founder, Enda OCoineen' s through his Mozart Investment fund, managed by Kilcullen Kapital Partners. Key 6 Business Solutions s.r.o. is a leading Czech Company registered in Prague which in turn owns 100% of Key 6 Business Solutions s.r.o established in the Slovak Republic. CPL wishes to expand and develop its business in the Central European Region Key 6 Business Solutions currently has offices in both the Prague and Bratislava and the company's vision is to grow and develop as a dynamic recruitment company in the Central European Region This acquisition forms part of the ongoing development of CPL. Commenting on the purchase, Anne Heraty, Chief Executive of CPL Resources plc said: 'This acquisition is an ideal fit with our overall strategy for growth and diversification. It dovetails with our existing business in Poland and complements our current suite of specialist recruitment companies. CPL Resources has now made a number of small international investments. We are excited about the opportunities to continue to deliver growth for our shareholders.' She added that by extending the international presence CPL are now even better positioned to offer exceptional quality services to our valued clients, In response to the acquisition, Enda O'Coineen for Kilcullen Kapital Partners who will retain a share in the company, welcomed the acquisition while adding that 'Key 6 has a dynamic team and now with CPL, the company is ready to take advantage of great opportunities in Central Europe'. 25 January 2007 This information is provided by RNS The company news service from the London Stock Exchange
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