Dice Holdings, Inc. has acquired recruitment site OilCareers for $26 million from Daily Mail, the company said earlier this week.
OilCareers focuses on oil and gas professionals in the European markets. According to Dice it had trailing 12 months revenues of approximately $8 million, with the majority generated in the United Kingdom.
Dice also owns Rigzone, and says they will be able to expand their marketshare through the addition of OilCareers.
“The growth prospects are very promising for our energy vertical and the addition of OilCareers will help us capitalize faster on that opportunity,” said Michael Durney, President and CEO, Dice Holdings, Inc. “Our energy vertical has grown to more than double its size from our acquisition of the businesses three years ago. This acquisition is an opportunity to move forward in Europe. OilCareers is a good strategic fit and provides critical mass for both brands to leverage.”
OilCareers was founded in Aberdeen, Scotland in 1999.
As a true cornerstone in the local market, they’ve built the business by helping the oil and gas community meet their professional goals and talent needs,” said Paul Caplan, President of Rigzone.