ADCORP ACQUIRES GOLD FIELDS EXTERNAL TRAINING SERVICES
Leading listed human capital management firm, Adcorp Holdings Limited, today announced the acquisition of Gold Fields External Training Services (GFETS) (Pty) Ltd for an amount of R 5 million.
Adcorp currently administers in the region of around 5 000 registered learnerships annually and, is therefore the leading provider of learnership training in South Africa.
The acquisition of GFETS will greatly enhance the Group’s ability to extend its operations in the area of up-skilling candidates in the work place and, in particular, bolstering its capacity with regard to Artisan training whereby the Group currently trains in excess of 1 000 artisans per annum, says Adcorp Group CEO, Richard Pike.
“Although a relatively small acquisition in financial terms, it is a significant acquisition in strategic terms given the Group’s focus on bolstering its training capabilities”, said Pike. “Artisans are in short supply in the South African labour market and the specific expertise and experience of GFETS in this area will assist us greatly in expanding the scope and extent of our Artisan training programmes”.
GFETS has a specific focus in the area of Artisan and Mining related training.