29/06/2004 - 22:00

Integrated buys Corpfit for $3.45m

29/06/2004 - 22:00

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Integrated buys Corpfit for $3.45m

Integrated buys Corpfit for $3.45m

 

Integrated Group has signed an agreement to acquire the Corpfit Training Solutions Group for $3.45 million.

CTS is a government-registered training organisation providing workplace training across a range of industries on a national basis.

The CTS acquisition is expected to be completed in mid July, upon regulatory approval of the change in ownership. The acquisition is forecast to contribute about $1 million to Integrated’s after-tax earnings in the 2005 financial year.

Integrated was formed in 1992 as a labour hire supplier to all industry sectors.

It listed on the Australian Stock Exchange in 1999.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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