ILX Group Plc Acquisition Progility Pty Ltd

Posted: 12th September 2013 08:15

ILX, the training, consultancy and recruitment group, proposes to transform the scope and scale of the Group's activities in project management, consulting and implementation and capitalise on its knowledge and experience in this sector through the acquisition of Progility Pty Ltd, a communications solutions services provider.

The Independent Directors of ILX said: 

"We are very pleased to recommend the proposed acquisition of Progility Pty Ltd because it will transform the scope and scale of ILX, adding further consulting, systems integration skills and solutions in the communications and technology sectors, and providing new opportunities for our existing training, consulting and recruitment businesses.  In addition it should reduce the Group's dependence on its training business, whose revenues have been under pressure for some time.

"We believe the Enlarged Group will provide the executive team with a strong platform from which to connect with our customers at different stages in the project management life cycle to deliver growth and shareholder value."
Wayne Bos, Executive Chairman and Interim CEO of ILX and Chairman of Progility Pty Ltd, said:

"Both of these companies have energetic, motivated management and combining the two will create a dynamic project management eco-system with scale and flexibility, which is important to new and existing customers.  From this new platform, we intend to grow the Group both organically and by selective acquisition using our AIM listing to expand and access capital where appropriate."

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