Bullish mood continues as Skillsgroup makes third acquisition

Cap Gemini’s training arm folded into QA Training

Skillsgroup has bought the business and assets of Cap Gemini’s UK training division. The IT training company paid £32.5 million - in cash on completion from existing resources - for the unit. This latest deal is Skillsgroup’s third acquisition in a month. Since shedding the reseller businesses of its P&P divisions, Skillsgroup seems to have found a new lease of life. Cap Gemini UK Training posted pre-tax profits of £3.2 million on sales of £16.5 million in 1998. The division will become part of QA Training, within Skillsgroup’s Resource Management arm. ®

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