Axel Springer’s StepStone acquires job portals business Saongroup

SoanAxel Springer’s StepStone continues its growth strategy by acquiring Saongroup, which operates job portals in 16 countries. The Irish-based company has leading positions in Ireland, Northern Ireland and South Africa, as well as strong positions in several other markets. Saongroup was established in 1999 and has more than 300 employees worldwide.

The acquisition of Saongroup is in line with StepStone Group’s strategy to operate leading job portals.

The transaction does not include the China and Myanmar operations of Saongroup.axel_springer_logo It is expected to be closed in November, subject to the approval of the competent antitrust authorities.

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