Bullish mood continues as Skillsgroup makes third acquisition

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. ®