Cpl to acquire German IT contracting company Neusta

Value of deal was not disclosed

Recruitment company Cpl is to acquire German IT contracting company Neusta Consulting for an undisclosed sum.

Neusta Consulting was founded in 2008 by Thorsten Prüser and employs 53 people across seven locations.

The acquisition of the company is in line with Cpl’s European strategy. Dublin-headquartered Cpl provides specialist recruitment, managed services, outsourcing and strategic talent advisory services. It employs more than 14,000 people, with almost 50 office locations operating in 13 countries worldwide.

“Increasing our footprint internationally is a key focus for us as we continue to broaden our reach for our clients. The German market is a key part of our European strategy” said Lorna Conn, chief executive of Cpl. “It is essential however that, with any expansion, we still retain the ethos and values of Cpl and in Neusta Consulting we have found a perfect fit. Their highly capable and ambitious team align perfectly with us and our plans for transformative growth in the German market.”

Following the acquisition, current managing directors Gudrun Müller and Tim Grossmann will continue to manage the company, with the corporate headquarters remaining in Hamburg.

“Joining Cpl is an exciting step in our company’s evolution, both in terms of our continued expansion plans and the benefit that our clients will realise by having access to international expertise and opportunities,” said Mr Grossmann. “We know that being part of the Cpl Group affords us the opportunity to strengthen and develop our offering to our client base”.

Cpl was founded in 1989 by former chief executive Anne Heraty and Keith O’Malley. In 2020, it agreed to a takeover by Japanese group Outsourcing for almost €318 million in an all-cash deal.

Ciara O'Brien

Ciara O'Brien

Ciara O'Brien is an Irish Times business and technology journalist