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Engineering recruitment and contracting specialist the NRL Group have announced the successful acquisition of CD Group.
The Newcastle based business, which has traded as Contract Design (Northern) Limited for over three decades, is comprised of several business units providing services to prestigious industry clients including temporary and permanent recruitment, design engineering and drafting, and translation services. Brands include Contract Design (Northern) and Eldon Bureau.
The acquisition by the NRL Group aligns with their continued strategic growth plan, with both businesses operating in similar industry sectors, delivering complementary services. Combined, the two organisations will share a projected annual turnover of circa £185m.
Peter Douglass, departing CD Group Managing Director said,
“We’re delighted to be able to agree a sale with the NRL Group, having looked for an organisation who would understand our business and the clients we support. Our shared industry expertise and client base makes them an ideal organisation to continue to develop the high-quality services our team have delivered since 1987.”
NRL Group’s CEO David Redmayne added,
“Both organisations have a great deal in common, as family-owned businesses set-up in the 1980s - each developed and grown in line with the changing needs of the energy and engineering industries we support. Having spent a number of months understanding the CD Group, its colleagues and operations, we were delighted to see so many parallels with our own organisation – together with a shared business culture and ethos.
We’re excited to officially welcome the team into the NRL Group and look forward to working with them to deliver expertise at work.”