The GO2 People Limited has announced the execution of a share purchase agreement to acquire Industry Pathways.
The industry is a nationally registered training organisation offering diploma level education and training in the mining and health sectors.
Its primary focus is providing quality outcomes for students and ensuring the highest levels of compliance are adhered to.
A total of 80 of courses are online while the remaining 20 percent is face-to-face which is based in Queensland. IPW and GO2 have very similar businesses, in the fact they are both registered training , and they operate in similar sectors with similar target markets.
A share placement will be made to sophisticated and exempt investors to raise a minimum of $2.7 million and a maximum of $4 million and will be undertaken in two phases.
The funds raised will be used to fund the acquisition of IPW, provide additional working capital and pay for transaction costs.
GO2 Managing Director Billy Ferreira hopes this partnership will provide more services.
“The acquisition of IPW represents an exciting opportunity for GO2 to broaden its offering via an industry leading training organisation, with an effective and innovative training methodology, and a company culture highly aligned to that of GO2,” he said.