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Acquisition of Sue Hill Recruitment & Services Ltd

19th Nov 2013 07:00

RNS Number : 3482T
Progility PLC
19 November 2013
 



Embargoed 7.00a.m. - 19 November 2013

Progility plc

Acquisition of Sue Hill Recruitment

 

19 November 2013

 

 

Progility plc

("Progility" or "the Group")

 

Acquisition of Sue Hill Recruitment & Services Limited

 

Progility plc (AIM: PGY), the project management services group, is pleased to announce the acquisition of Sue Hill Recruitment & Services Limited ("Sue Hill Recruitment"), a specialist employment agency to the UK information, market research, insight and analysis sectors, from its founders.

 

Sue Hill Recruitment provides executive search, managed services and the placement of permanent, interim and contract personnel into the public and private sectors. Founded in 1997, Sue Hill Recruitment has established a strong brand and reputation in the marketplace.

 

The acquisition of Sue Hill Recruitment adds further scale and strength to TFPL, the Group's existing recruitment business which was acquired in July 2013. As the two businesses operate in very similar and complementary markets the Board believes there will be many benefits from combining the two.

 

Sue Hill, Managing Director of Sue Hill Recruitment, will remain with the Group following completion of the acquisition.

 

Wayne Bos, Executive Chairman and Interim CEO of Progility said:

 

"I am excited to welcome Sue and her team to the Group and pleased that she and her partner have had the confidence to entrust the business she created and has grown over the last 16 years to the Group. Sue Hill Recruitment is an ideal fit for our Recruitment Division, given its obvious synergies with TFPL, and we envisage that the combination of these two businesses will not only increase the division's critical mass but also - through the increased use of shared services and other economies of scale - enhance the profitability of our Recruitment Division. "

 

For further information, please contact:

Progility plc

Wayne Bos, Executive Chairman & Interim CEO

020 7371 4444

John McIntosh, Finance Director

SPARK Advisory Partners Limited (Nominated Advisor)

Mark Brady

020 3368 3551

Sean Wyndham-Quin

020 3368 3555

W H Ireland Limited (Broker)

Adrian Hadden / Nicholas Field

020 7220 1666

Tavistock Communications

Niall Walsh

 

020 7920 3150

 

About Progility - www.progility.com

 

Progility plc is the holding company of a project management services group, specialising in the provision of professional business and technology led, value added services across all stages of the project management life cycle.

 

The group has four divisions: Technology Solutions, Training, Consulting and Recruitment.

 

Technology Solutions

The technology solutions division is Progility Technologies, which operates a communication systems integration business that designs, implements and maintains solutions for medium and large enterprises with a focus on the rail, port, oil and gas, power, water and healthcare industries in Australia and on the mining industry globally.

 

The business, which was acquired in October 2013, is headquartered in Melbourne, Australia, and has offices in Castlemaine, Perth, Sydney, Latrobe Valley, and Brisbane.

 

It has three operating divisions: Communications Australia, focuses on communications systems integration, designs voice and IP communications solutions for specific customers' operating environments and is a major provider of enterprise based Siemens unified communication systems in Australia; CA Bearcom, Australia's largest distributor of two-way radio communications products, primarily supplied by Motorola Australasia; and Minerals & Energy Technologies, which designs, implements and manages an array of integrated communications solutions for specific mining, oil and gas, rail and port applications.

 

Training

The training division comprises ILX, which provides a blend of on-line learning, games and simulations, traditional classroom training, practical workshops and coaching. ILX delivers training in the UK Cabinet Office's best management practice products, primarily in PRINCE2, MSP and ITIL.

 

Consulting

The consulting division comprises Obrar in the UK and ILX Consulting in Australia. Obrar is a consulting and project management services company, focused on multimedia contact centres, corporate technology infrastructure and associated operational change, with extensive experience in delivering contact centre outsourcing on a global basis. ILX Consulting, located in Sydney, is an organisational improvement and project management services company, specialising in information technology, service and supply chain improvement and overall project and programme management.

 

Recruitment

The recruitment division comprises TFPL and Sue Hill Recruitment. TFPL is a recruitment, training and consulting business specialising in the knowledge, information and data management industries, which was acquired in July 2013. It provides executive search, managed services and the placement of permanent, interim and contract personnel into the public and private sectors. Sue Hill Recruitment, which was founded in 1997, is a specialist employment agency to the UK information, market research, insight and analysis sectors and was acquired in November 2013.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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