Recruitment technology software provider Bond International Software has announced the conditional acquisition of Eurowage, an international HR & payroll company for a minimum consideration of £8.5m.

The figure includes the value of shares to be issued as part of the acquisition. Further consideration will be based on the financial performance of Eurowage in the three years following completion of the acquisition.

Established in 2005, with headquarters in Chichester, West Sussex, Eurowage operates in around 65 countries.

Steve Russell, chief executive officer of Bond International Software, says: “We are delighted to be announcing the acquisition of Eurowage today, which significantly strengthens our proposition in our payroll operations.”

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