ASX-listed Site Group International, a Queensland-based vocational training company, has acquired Perth company Axis Training Group for $250,000.
Axis is a privately owned company that specialises in on-site vocational training in WA and NT for the oil & gas, mining and construction industries.
“Jeremy Gittens and his team, the founders of ATG, have…developed a viable business in WA delivering both on-site and facility based training” said Site Group managing director, Vernon Wells.
“In addition they have established a platform for a business in Darwin that is ideally positioned to service the training needs of the resource developments in the Northern Territory.”
Site Group will expand Axis’ current facilities in the Northern Territory by investing $200,000 to complete the training centre Axis had purchased in Darwin.
As part of the takeover, Site Group will retain all of Axis’ existing staff, with the principal employees joining the Site Group management team in senior roles.
Axis owners will be paid with 1,526,250 ordinary shares in Site Group Holding, with voluntary time based escrow periods.
The acquisition is expected to be finalised by late June or early July.
