Mon, 28 Oct 2019 | BUSINESS SALE
Global workforce solutions provider PSI Services has announced that it has acquired international assessment and executive development business Cubiks Group Ltd.
Cubiks is based in Guildford, UK and has offices in 13 countries across Europe and the Asia Pacific region.
In a press release announcing the deal, PSI commented that the acquisition would consolidate its position whilst further developing its product portfolio and global footprint.
PSI cited Cubiks’ screening, selection and development solutions as being “a valuable complement to PSI’s existing talent management portfolio” and will strengthen talent solutions for customers of both companies.
PSI Chief Executive Officer Steve Tapp commented that: “This acquisition is all about investment and growth in the global talent management space.
“Our international presence has been growing strongly over the last four years and acquiring Cubiks gives us an enhanced presence around the world that will, at a stroke, dramatically extend our market reach and provide the platform for further expansion."
PSI President Peter Celeste highlighted Cubiks’ “scalable assessment and development solutions, such as its leading workplace personality tool PAPI” and spoke of excitement at the deal.
Cubiks CEO Martin Smith commented “Cubiks has for 20 years been empowering people to achieve their potential through our market-leading talent assessment solutions. To take these solutions to a wider audience we’ve been seeking a partner who really understands our market and is committed to investing in growth. With PSI, we’ve found that.”
He added, “This is a great opportunity for our employees and clients alike as our businesses complement each other perfectly across market offerings and geographic footprint. With shared values and similar culture, the Cubiks team is really looking forward to being part of the PSI family.”
Due to significantly exceed its pre-pandemic levels of business. The company specialises in the development of a range of revision and training aids for a wide variety of platforms.
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