REG - Hercules PLC - Acquisition of Quality Transport Training

HerculesAnnouncement

12/06/2025 07:00

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RNS Number : 4860M  Hercules PLC  12 June 2025

12 June 2025

 

Hercules plc

("Hercules" or the "Company")

 

Acquisition of the business and assets of Quality Transport Training

 

Hercules plc (AIM: HERC), a leading technology-enabled labour supply company
for the UK infrastructure and construction sectors, is pleased to announce the
acquisition of the business and assets of Quality Transport Training Ltd
("QTT").

 

QTT has a proven track record of supporting unemployed individuals into work
through fully funded training programmes, often in partnership with local
authorities, probation services, and employers. QTT also has a contract to run
a number of skills bootcamps with the Department for Education, which will be
transferred to Hercules.

 

The acquisition will increase the capacity of the Hercules Academy, based in
Nuneaton in the West Midlands. The Academy was launched in January 2024 and
has trained more than 1,500 individuals since opening. QTT's employees will
transfer to the Hercules Academy where they will help expand significantly the
number of courses available and broaden the curriculum of the Academy.

 

The addition of the QTT team and the integration of QTT's assets means the
Company will be able to scale its training operations more quickly to support
the UK's growing infrastructure project pipeline with a skilled, job-ready
workforce. This is an important step as the Construction Industry Training
Board projects that the UK will need nearly 225,000 additional construction
workers by 2027.

 

The acquisition is Hercules' second transaction, following the acquisition of
Future Build Recruitment Ltd in November 2023, and is in line with Hercules'
targeted M&A strategy.

 

Brusk Korkmaz, Chief Executive Officer of Hercules, commented: "The Hercules
Academy was established to address the well documented skills shortages facing
the infrastructure and construction sectors.

 

"QTT's expertise in vocational training will, in particular, add to the
fantastic work already being done by the Academy team. This is another
important step for Hercules to become one of the UK's leading providers of
skilled labour and training for the infrastructure and construction sectors."

 

For further information and enquiries, please contact:

 

 Hercules plc                                                       c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel (Nominated Adviser and Broker)                       +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Securities plc (Joint Broker)                       +44 (0) 20 7397 8900

 Adrian Hadden / Dale Bellis (Sales and Broking)

 SEC Newgate (Financial Communications)                       +44 (0) 20 3757 6882

 Robin Tozer / Ian Silvera / Nina Renata Pop       Hercules@secnewgate.co.uk (mailto:Hercules@secnewgate.co.uk)

 

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