This is a strategic operation that doubles the expected business volume for 2024 to around US$ 128.6 million.

Redarbor, based in Sant Cugat del Vallès (Barcelona), has closed the acquisition of 100% of the employment portal Catho, which operates in Brazil, and OCC, in Mexico, from the Australian employment site group SEEK, the company reports this Friday in a statement.

The operation, which has a value of US$ 85 million, "consolidates Redarbor's positioning in Latin America where it already has a presence in 20 countries through its job ads websites Computrabajo and Infojobs Brasil, and its Human Resources software , Pandapé ".

Headquartered in Melbourne (Australia), SEEK is one of the world's leading job search marketplace companies, listed on the Australian Securities Exchange since 2005.

"This is a strategic operation for Redarbor, with which it doubles the expected business volume for 2024 to around US$ 128.6 million and with which it will reinforce its presence in Brazil and Mexico, markets with great growth opportunities" , they claim.

Both portals will maintain their brands and continue to operate as separate job boards.

"This operation allows us to merge two very high-quality teams, and promote two brands of enormous value in the two main markets in Latin America, while consolidating us as the second group of 'jobs ads' in the world, with only ten years of existence. history," said the founder and CEO of Redarbor, David González Castro.

Redarbor has financed the operation through an investment from the international private equity fund, Vitruvian Partners, which has become the company's new partner with a significant minority stake.