Savile Group acquires the right
Savile Group acquires the right to take a controlling interest in Ashbourne
Further to the announcement of 22 October 2009, Savile Group plc the AIM listed human resources consulting group, is pleased to announce that it has acquired the right to take a controlling interest in Ashbourne Assessment Systems Limited. Ashbourne is based at Weston on the Green, Oxfordshire and provides assessment, selection and training services to the public sector. Savile has agreed to provide a loan facility of up to 300,000 with the right to acquire more than 50 % of Ashbourne on or after 1 July, 2010. The option to acquire a majority stake is at a valuation of 1m adjusted by actual performance of 2009 and 2010.