LONDON (ShareCast) - Staffline has acquired A4e, a welfare training services company, for £34.5m.
The acquisition is in line with the staffing services group's strategy to growth its employability division.

Staffline said it will assume A4e's net debt of £11m. A4e expects to post revenues of £140, and profit before tax of £10.2m for the full-year ended in March.

Staffline also said it has seen a strong start to the nre financial year with 28 onsites during the first quarter and "excellent" new business pipeline.

Chief executive Andy Hogarth said: "This is an exciting milestone in Staffline's growth, considerably expanding the size and geographic reach of our Employability offering and will result in the combined business being one of the largest Work Programme providers in the UK."

A4e's chief executive Andrew Dutton added that Staffline is "exactly the right fit" for the company as it will help it to build its position as a leading work programme provider in the UK.

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