Staffline Group announces acquisition
Skillspoint is a training procurement consultancy, specialising in government-funded work-based training. By sourcing potential providers from its network of quality assured partners Skillspoint uses its expertise to access government funding to subsidise the cost of clients' training programmes as well as offering its own training services.
Following the acquisition in May 2014 of Avanta Enterprise, a leading provider of skills training services across the UK, the acquisition of Skillspoint further enhances Staffline's position in the training sector, which also forms part of Staffline's longer term strategy of expanding its activities in the Welfare to Work arena.
The acquisition will be earnings neutral in the current financial year and is being funded from the Group's existing bank facility.
Andy Hogarth, chief executive of Staffline, commented, "This acquisition further demonstrates our strategy of selective bolt-on acquisitions and supports our increasing focus on the Welfare to Work and training sectors. Skillspoint have demonstrated excellent knowledge in this area, we are delighted to welcome them to Staffline and look forward to using their skillsbase as we grow not only in this sector but also in our core recruitment business."