People Infrastructure to acquire Canberra IT recruitment business

SYDNEY, AUSTRALIA: People Infrastructure Ltd (ASX:PPE) has completed the acquisition of the GMT Group of companies, trading as GMT People.

GMT People was established in 1999 and is a Canberra-based recruitment business specialising in contract and permanent IT recruitment solutions for the Information Technology industry, covering the full range of Information Technology disciplines.

It is a contracted preferred supplier to Australian Federal Government Departments and Agencies, and a number of universities.

 PeopleIN’s Chief Executive Officer, Mr. Ross Thompson said, “The acquisition of GMT People gives PeopleIN access to a key strategic market for our IT business and provides further depth to our client base in the Federal Government and higher education sectors”.

 The acquisition will not have a material impact on earnings for FY21.

People Infrastructure (ASX:PPE) is a diversified workforce solutions firm delivering a wide range of services to Australian businesses across four main sectors including healthcare, community services, industrial services and information technology.

People Infrastructure has a track record of successfully acquiring and growing businesses through leveraging its core capabilities in the sourcing, skilling, deployment and management of workforces.

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