JSE-listed EOH Holdings has bought specialist training company Faculty Training Institute (FTI), for an undisclosed amount.
FTI, established in 1989, provides business analyst, project management, enterprise architecture and testing training. The company's clients include more than 250 corporations and it has training centres in Johannesburg and Cape Town.
EOH CEO Asher Bohbot says FTI will aid the listed company to accelerate its growth within the training and recruitment sector. He explains specialist IT skills are in short supply.
FTI provides specialist IT skills and offers “deep” courses, says Bohbot. He adds that the acquisition supports EOH's job creation drive as the company has recently launched an internship for about 620 students and school leavers.
Bohbot adds that buying FTI opens up cross-selling opportunities as the listed company now has access to FTI's client list of “hundreds” of companies. He says FTI enables EOH to provide vital skills to its clients.
“There is a natural fit in the philosophies of our two organisations which focuses on people and their potential,” says Bohbot. “It is also aligned with our commitment to provide learnerships in an area where there is a shortage of skills. FTI's ability to provide the up-skilling of talent directly from our organisation is of great value to us.”
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