Recruitment giant Adecco’s purchase of technical recruiter Spring has been given the formal go-ahead at meetings of Spring shareholders today.

At a court meeting and general meeting, the resolution to approve the purchase was passed by Spring’s shareholders.

Spring’s shareholders will receive 62p in cash for each share, valuing Spring at £107.3m. The bid  was made by BidCo, a wholly-owned subsidiary of Adecco.

The purchase is due to take effect on 20 October.