![]() Inspiro have said they “stand on the firmest of foundations with over 30 years’ experience, a team of 500-strong and over 5,000 apprentices in active learning”.Ĭhief executive of Inspiro Stuart Wilson said: “We are excited to set our direction as an independent business with many opportunities for growth in both our existing services and complementary sectors.”Īt the time of the sale, Babcock reported that its end-point assessment arm, Babcock Assessments Limited would be part of the sale. Training in non-core sectors like automotive and service industries was sold to Inspirit, with apprenticeships now being delivered through new provider Inspiro, which launched yesterday. ![]() The group kept these contracts as they more closely align with its core business in the defence and emergency service sectors. Provision within the former has been retained by the group to continue to deliver major training contracts with the Metropolitan Police, the London Fire Brigade and the Ministry of Defence. Both were graded ‘good’ by Ofsted in the last year. The firm announced in September that it had sold parts of its civil training division, which includes thousands of apprenticeships, to investment firm Inspirit Capital but it will retain contracts close to its “core business”.īabcock International held apprenticeships and training contracts through subsidiary companies including Babcock Training Limited and Babcock Skills Development and Training Limited. Its end point assessment business, Babcock Assessment Limited, is also “under review”. The information was submitted for publication, through the agency of the contact persons set out above, at 10:30 CET on 31 October, 2021.Babcock International, the defence infrastructure giant, has sold a sizeable portion of its training business in a “portfolio alignment programme” which completed yesterday. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information constituted inside information prior to publication. Lena Schattauer, Head of Investor Relations, +46 8 553 335 10 The mill has an annual production capacity of 45 000 tonnes kraft paper and around 140 employees. During the last twelve months, Beetham had net sales of around SEK 480 million and an operating profit of around SEK 13 million. The Beetham mill, acquired by Billerud in 2004, produces paper for medical equipment, food packaging and industrial applications. ![]() The transaction results in a capital loss of around SEK 120 million that will have a negative impact on BillerudKorsnäs’ 2021 fourth quarter results. With Inspirit, the Beetham mill gets an owner with the intention and resources to develop the business further,” comments Christoph Michalski, President and CEO. ![]() “The strategic importance of the Beetham mill for the rest of the group has been reduced since the investments in machine glazed (MG) paper production at Skärblacka a couple of years ago.
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