VT Group Buys Training Firm

Tuesday, February 07, 2006
Shipbuilding and support services supplier VT Group PLC bought training company Touchstone Learning and Skills Ltd for $20.9 million. VT acquired the work-based training provider, which specializes in the retail sector, from Martin Loftus and Touchstone Property Management Ltd. Southampton-based VT is paying $1.3 million in cash on completion and $19.6 in loan notes. Touchstone has annual profits of more than $1.7 million, operates primarily through UK government-funded contracts with the Learning and Skills Council (LSC) and has offices in several locations across England. VT, which already works in the hospitality, leisure, engineering and care sectors, said the acquisition would allow it to move into the retail market.

(Source: Forbes)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Newport International Boat Show Award Winners

Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards.

China Merchant Boosts Efficiency of VLCCs with Jotun HP

China Merchant Energy Shipping Co., Ltd (CMES) will upgrade the antifouling solution on their VLCCs New Builds at Dalian Shipbuilding Industry Co., Ltd. (DSIC)

ESAB Boasts Over a Century of Technological Innovation

September 2014 marks the 110th anniversary of ESAB Welding & Cutting Products. A world leader in welding and cutting technology, with the broadest, most complete

Ports

Two Long Beach Port Funded Projects Opened

In a festive ceremony, two Port of Long Beach grant-funded environmental projects had their grand openings yesterday,  at the Century Villages of Cabrillo homeless

Kalmar's Super Gloria Reachstacker for Egon Evertz

Kalmar, part of Cargotec, has received an order from Egon Evertz KG for Super Gloria, the world's biggest reachstacker. The machine will be operated at Salzgitter

Canada Invests in Harbor Grace Project

Senator Manning announces funding for a harbor improvement project Senator Fabian Manning, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0978 sec (10 req/sec)