Astutis, which offers training for a range of globally recognised and regulated health, safety and environmental qualifications, strengthens Wilmington's portfolio of GRC training and education solutions by expanding its capabilities into the health, safety and environmental markets.
Wilmington says the acquisition is part of its strategy to focus on consolidating its presence in the large, growing and rapidly evolving GRC markets. These markets are underpinned by strong macro drivers, particularly the increasing volume and enforcement of regulation, complex geopolitical landscape, increased importance of ESG and widespread adoption of technological and data-driven compliance solutions.
Mark Milner, chief executive officer of Wilmington, said: "The acquisition of Astutis, which is earnings enhancing, is consistent with our strategy in the GRC market to broaden and strengthen our training and education capabilities.
"Astutis embodies all of our six key business characterises in that it operates in growing GRC focussed regulated markets, has a strong and experienced management team, a comprehensive products suite, growing revenues and profits, and excellent digital capabilities.
"At the heart of our focus is our ambition to help our customers, who are operating in increasingly regulated markets, to do the right business in the right way, by providing a complementary range of information & data and training & education solutions. Astutis' business model and core capabilities are a natural fit with our Training & Education division and will be highly complementary to our portfolio adding expertise within the Health, Safety and Environmental markets."
For more information on the acquisition click here.
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