US-based online recruitment firm Monster Worldwide extended its European reach still further last week when it acquired the French job-board Emailjob.com.

Monster acquired Emailjob.com from Reed Expositions France, a subsidiary of the publishing giant Reed Elsevier. Last year, the firm made approximately $9m (£4.77m) and was profitable. Monster paid $23m (£12.2m) for Emailjob.com, with an additional $3m (£1.6m) payable over the next 12 months.

“Emailjob.com has a very strong position in the growing market of online recruitment in France,” said Peter Dolphin, chief executive of Monster Worldwide Europe.

“When we consider that job migration is expected to increase significantly in Europe, acquisitions in such key markets as France will prove to be very significant for us.”