Empresaria Group has bought a 51% holding in EUResource, a Midlands-based company specialising in recruiting Eastern European workers for UK customers.

Empresaria said it paid an initial £249,000, £199,500 of which was paid in cash, with the remaining paid in shares. It said it may make a further payment of up to £150,000 in shares depending on EUResource’s profitability.

Chief executive Miles Hunt says: “The acquisition of EUResource creates a new distribution channel for our growing network of Eastern European offices.”

The remaining shares in EUResource are held by existing management.