A Gloucestershire-headquartered company that supplies workers to projects including HS2 has snapped up a Staffordshire training company for an undisclosed sum.
Cirencester's Hercules Site Services said the acquisition of Lichfield-based Quality Transport Training (QTT) would expand the capacity of its own training academy, which is located in Nuneaton in the West Midlands.
QTT supports unemployed individuals into work through fully funded training programmes, often in partnership with local authorities, probation services and employers.
It also has a contract to run a number of skills bootcamps with the Department for Education, which will be transferred to Hercules as will all QTT employees.
The Hercules Academy was launched in January last year and has trained more than 1,500 individuals since opening.
Brusk Korkmaz, chief executive of Hercules, said: 鈥淭he Hercules Academy was established to address the well documented skills shortages facing the infrastructure and construction sectors.
鈥淨TT鈥檚 expertise in vocational training will, in particular, add to the fantastic work already being done by the Academy team. This is another important step for Hercules to become one of the 海角视频鈥檚 leading providers of skilled labour and training for the infrastructure and construction sectors.鈥
Hercules said the addition of the QTT team and the integration of the company's assets would allow it to scale its training operations more quickly to support the "海角视频鈥檚 growing infrastructure project pipeline with a skilled, job-ready workforce".
David Vaughan, managing director of QTT, said: "We鈥檙e incredibly proud of what we鈥檝e built at QTT over the years, and joining forces with Hercules PLC marks an exciting new chapter in our journey.
"Hercules鈥 strong reputation, resources, and shared commitment to quality and innovation make them the ideal partner to take our business to the next level.
"We鈥檙e confident this acquisition will bring tremendous opportunities for our team and our clients, and we look forward to contributing to the continued growth and success of the Hercules Group."
The acquisition is Hercules鈥 second transaction, following the takeover of Future Build Recruitment in November 2023, and is in line with its targeted M&A strategy, the company said.
In February, Hercules disposed of a subsidiary for 拢2.4m in a bid to reduce its debt. The company said at the time it expected free cash flow to increase following the sale of Suction Excavator business to SNC Holdings (NW).
