At­las ac­quired by global firm for around £10.7m

Deal: Chief of Min­tra Group said the move cre­ates ‘un­ri­valled ex­per­tise’

The Press and Journal (Aberdeen and Aberdeenshire) - - BUSINESS - BY RE­BECCA BUCHAN

Aberdeen-based At­las Knowl­edge has been ac­quired by global firm Min­tra Group for around £10.7 mil­lion.

The firm said the move will bring both Aberdeen op­er­a­tions to­gether, giv­ing cus­tomers in the oil and gas, mar­itime, avi­a­tion, con­struc­tion and en­ergy sec­tors mar­ket-lead­ing

“The ac­qui­si­tion fol­lows sub­stan­tial in­vest­ment”

learn­ing and com­pe­tency sys­tems and ser­vices.

With a turnover of around £15m, Min­tra em­ploys more than 100 peo­ple glob­ally and is backed by in­vestor the River­side Com­pany.

At­las de­liv­ers dig­i­tal learn­ing so­lu­tions to safety crit­i­cal in­dus­tries, em­ploy­ing 39 peo­ple, with rev­enues of around £5m .

The ac­qui­si­tion re­sults in a ros­ter of more than 1,000 cus­tomers across 130 coun­tries. Due to the deal, 500 cour­ses in 20 lan­guages will be avail­able to those cus­tomers and Min­tra an­tic­i­pates in ex­cess of 750,000 cour­ses be­ing ac­cessed next year with sig­nif­i­cant growth and ex­pan­sion into new sec­tors and ge­ogra­phies.

Scott Kerr, CEO of Min­tra Group said the move cre­ates “un­ri­valled ex­per­tise to ben­e­fit the train­ing and com­pe­tency needs of our cus­tomers. We are look­ing to im­prove the learner ex­pe­ri­ence and the ac­qui­si­tion fol­lows sub­stan­tial in­vest­ment in ex­pand­ing our mar­itime and in­ter­na­tional course li­braries. Com­bin­ing these with the At­las port­fo­lio en­hances our sup­port to stan­dards bod­ies, reg­u­la­tors and cor­po­rate cus­tomers while help­ing more than a mil­lion learn­ers to de­velop their skills and stay safe.”

Dur­ing the year to Septem­ber 30, 2018, the com­pany notched up about £90m in earn­ings be­fore in­ter­est, taxes, de­pre­ci­a­tion and amor­ti­sa­tion on rev­enue of around £215.6m.

Columbia will con­tinue to op­er­ate un­der its own name as a sub­sidiary of Bris­tow af­ter the deal com­pletes, with both sides ex­pect­ing this to hap­pen be­fore the end of 2018.

Bris­tow chief ex­ec­u­tive Jonathan Baliff said: “Columbia’s spe­cialised heavy-lift ca­pa­bil­i­ties com­ple­ment Bris­tow’s off­shore ca­pa­bil­i­ties.

“We be­lieve we will be able to utilise our UK SAR (search and res­cue) ex­per­tise to build our com­bined busi­ness in the grow­ing US gov­ern­ment and in­dus­trial end­mar­kets, where Columbia has deep ex­pe­ri­ence.”

HAIL­ING AC­QUI­SI­TION: Min­tra’s chief ex­ec­u­tive Scott Kerr and the firm’s UK manag­ing di­rec­tor Gareth Gilbert look to a bright fu­ture

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