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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nord Anglia ED. | LSE:NAE | London | Ordinary Share | GB0006582729 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 461.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4125L NordAnglia Education PLC 22 May 2003 For immediate release 22 May 2003 Nord Anglia Announces Acquisition of Yorkshire Post Training Group strengthens foothold in learning skills market Nord Anglia Education PLC ('Nord Anglia' or 'the Group'), the specialist provider of education and related educational services, has acquired the Leeds-based skills training provider Yorkshire Post Training (YPT) with minimal assets. The integration of the business, which has a turnover of approximately #800,000, into Nord Anglia's current training businesses will allow the Group to accelerate its development in the fast-growing learning skills market while maximising the synergies between its existing activities and the acquired business. YPT currently delivers skills and workforce development training to both the public and private sectors. There are substantial ongoing contracts with the Learning and Skills Council (LSC) and the company undertakes sub-contract work for Colleges of Further Education. Short courses in workforce development are also delivered to business customers. YPT will become part of Nord Anglia's Lifetime Careers subsidiary group within the Group's Outsourcing Division. It will join a portfolio of compatible services including: career management and development, on-line learning, short courses, professional development, training, conferences, publications and learning resources. Andrew Fitzmaurice, Chief Executive of Nord Anglia commented: "The acquisition of Yorkshire Post Training presents Nord Anglia with the opportunity to develop an established business that is well positioned in a buoyant market. "The Government recognises the need for quality workforce development training driven by factors such as the requirements of new technology in the workplace and the need for basic skills training. It has stated its commitment to improving the quality and range of training and personal development for all learners. "By strengthening our training portfolio, Nord Anglia is favourably placed to take advantage of the opportunities this policy is bringing." Trevor Mason, Chief Executive of Lifetime Careers Yorkshire added: "The acquisition of YPT is an exciting new opportunity. We already deliver a range of contracts on behalf of the LSC and work extensively with private sector businesses. This will enable us to extend our service range and make an even greater contribution to the new agenda for skills." Notes to editors: The Learning and Skills Council (LSC) is the lead planning body for post-16 education and skills in England. Accountable to the DfES, it operates through 47 local arms and is responsible for over #5bn of public funding. For further information, please contact: Helen Peacock T: 0161 491 8490 PR & Communications Officer F: 0161 491 4517 Nord Anglia Education PLC E: helen.peacock@nordanglia.com Lisa Baderoon T: 0207 466 5000 Buchanan Communications This information is provided by RNS The company news service from the London Stock Exchange END ACQUAAWROWRVUAR
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