Dice Holdings Buys OilCareers For $26 Mln

(RTTNews) - Dice Holdings, Inc. (DHX) said Wednesday it has bought OilCareers, a recruitment site for oil and gas professionals in Europe, from the Daily Mail and General Trust PLC for $26 million in cash..

OilCareers had trailing 12 months revenues of about $8 million, with the majority generated in the United Kingdom.

The acquisition strengthens the company's position in online energy recruiting, which it currently serves through Rigzone, the market leader in the oil and gas industry delivering content, data, advertising and career services.

OilCareers was founded in Aberdeen, Scotland in 1999 and currently has about 800,000 unique monthly visitors and an extensive CV database.