Business
ACQUISITION OF SOFTMIST LIMITED
ACQUISITION OF SOFTMIST LIMITED.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \nRNS Number : 1606L Staffline Group PLC 02 July 2014 \n \n\n\n\n\n\nFor Immediate Release\n\n\n2 July 2014\n\n\n\n\n \nSTAFFLINE GROUP PLC\n(\"Staffline\" or \"the Group\")\n \nACQUISITION OF SOFTMIST LIMITED \nStaffline Group, the national outsourcing organisation providing people and operational expertise to industry and Welfare to Work services in the UK, today announces the acquisition of of Softmist Limited, based in Leicester, which trades as 'Skillspoint'.\nSkillspoint 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.\nFollowing 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.\nThe acquisition will be earnings neutral in the current financial year and is being funded from the Group's existing bank facility.\n \nAndy Hogarth, Chief Executive of Staffline, commented:\n \n\"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.\"\n \n\n\n\n\nFor further information, please contact:\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nStaffline Group plc\n\n\n0115 950 0885\n\n\n\n\nAndy Hogarth, Chief Executive\n\n\n07931 175775\n\n\n\n\nPhillip Ledgard, Finance Director\n\n\n07432 554437\n\n\n\n\nwww.staffline.co.uk\n\n\n \n\n\n\n\n \nLiberum Capital Limited\n\n\n \n\n\n\n\nChris Bowman / Richard Bootle\n\n\n020 3100 2222\n\n\n\n\n \n\n\n \n\n\n\n\nBuchanan\n\n\n \n\n\n\n\nJeremy Garcia / Gabriella Clinkard\n\n\n020 7466 5000\n\n\n\n\n \nAbout Staffline\n \nStaffline Group plc w...