LONDON (ShareCast) - Recruitment group Staffline is buying training consultancy Softmist for an undisclosed sum.

Staffline, which also provides UK government Welfare to Work (W2W) services, is buying Leicester-based Softmist, which trades as Skillspoint, to boost its presence in the training and W2W markets.

Skillspoint matches up customers with training providers and helps them to secure government funding for their training programmes, as well as offering its own training services.

The acquisition will not affect earnings this year and is being funded from the group's existing financing.

Staffline Chief Executive Andy Hogarth said: "This acquisition further demonstrates our strategy of selective bolt-on acquisitions."

Shares in Staffline, whose brands include Select Appointments, Staffline Express, Elpis, OSP and Avanta, were unchanged at 902.5p at 09:12 in London.

PW

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