Skills Academy Private Limited has acquired 100% of A4e India Private Limited, a wholly owned subsidiary of A4e Limited (a UK based Company). This acquisition will allow Skills Academy to enhance reach into new areas across different states in India and also leverage the varied experience of existing A4e employees to help increase thescale of the business.
Shashank Vira of The Hearth Education Advisors sourced the deal for Skills Academy and was the deal and transaction advisor for A4e.
A4e provides skill development, training and placements across various industries and different States in India. A4e India has extensive experience of working in rural, tribal areas and difficult terrain with an impressive placement record in excess of 75% of the learners they have trained. Over the years, A4e India has demonstrated their ability to deliver high quality training and placements which can help improve the livelihoods of the people they serve.
Pia Singh, Co-Founder, Skills Academy said, “There is a terrific synergy between the activities carried out by Skills Academy Private Limited and A4e India Private Limited and the vision of both the Companies. This provides us with immediate scale, adds experienced teams in states where we want to operate plus provides us with a good pipeline of contracts.”
Pramod Bhasin, Co-founder, Skills Academy commented on the development, “We are delighted to welcome the employees of A4e India Private Limited who have tremendous experience and a terrific track record of providing skill development, training and placement in rural and tribal areas. They have strong understanding of local requirements and good execution focus to drive impact by skilling people and placing them in jobs, thus making a change in people’s lives.”
David Crichton Miller, Group Director of A4e Limited UK added “A4e is very proud of what its subsidiary, A4e India, has accomplished in India, particularly its exceptional record of supporting people in rural and tribal areas in to valued employment. However, the moment has arrived when A4e UK is no longer best suited to taking advantage of the growth opportunities in front of its Indian subsidiary and so we are delighted that an organization of Skills Academy’s qualities has decided to acquire A4e India with a view to realizing the opportunity presented by the next phase of A4e India’s development.”
VK Madhavan, the Managing Director of A4e India said, “We are fortunate to be a part of the A4e family and have benefitted immensely from the values and emphasis laid on rigorous quality assurance by A4e UK. We are poised for growth and seek to build on our experiences of the past; to become a part of Skills Academy at this juncture provides us with the ideal launch-pad, support system and the guidance of a leadership with experience in Indian industry and public affairs as well as a deep empathy and desire to improve the livelihoods of others while addressing one of India’s critical challenges.”