George Materna, Chairman of Matchtech, commented:

"We have been extremely encouraged by the response we have received from the investment community to our story. This IPO shows that there is good investor demand for cash generative businesses with a proven track record and good growth potential."

"Becoming a publicly listed company will further raise Matchtech's profile and will enable us to attract and incentivise key employees who are the lifeblood of any recruitment business. It is a testament to the hard work of everyone in the Group that we have reached this milestone and are now so strongly positioned for the future."

"Matchtech is already the 4th largest technical and engineering recruitment company in the UK. Our growth is underpinned by servicing clients involved in long-term, capital goods, capital asset and infrastructure projects. With the efficiencies that come from our differentiated business model based on a single site operation near Southampton, we believe that the Matchtech story has a great deal further to go."