IXL hopes to profit from name change to Aim
TRAINING and recruitment firm ILX hopes to take on bigger project management roles when it starts trading under a new identity on Aim next month.
It will take on the name of Australian communications services fi rm Progility after acquiring it for nearly £16million following a share issue.
In the year to the end of June Progility generated revenues of £24million by helping to improve the performance of businesses across the mining, rail, port, oil and gas, power, water and healthcare sectors.
ILX, which lists BT, Boots, HSBC and Shell among its clients, said buying Progility would reduce its dependence on training and boost its consulting skills in the communications sector.
Wayne Bos, chairman of ILX and Progility, said: “Both of these companies have energetic, motivated management and combining the two will create a dynamic project management ecosystem.
“We intend to grow organically and by selective acquisition using our Aim listing to access capital.”
