Aberdeen training specialist announces £107 million listing on Oslo stock exchange

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ABERDEEN and Norway based Mintra Group has announced their listing on the Oslo Stock Exchange.

The company will be listed at a price of £107 million (NOK 1.3 billion).

The HR, competence and training specialist company provides workforce management systems and online courses for safety-critical industries worldwide.

Since the beginning of lockdown Mintra has seen a surge in demand for virtual and online delivery of courses and training management support.

The firm said funds raised from the listing would be used to achieve aims which includes being the leading provider of Human Capital Management services to customers with rotating workforces in compliance driven industries and to offer a single-source solution for companies to identify training needs, choose their preferred training format from a number of providers, then deploy their workforce to any job site in the world.

Scott Kerr, Mintra chief executive officer, said: “The pandemic has changed how companies look at training and our services are in growing demand.

“The current market is fragmented so by listing now, reducing debt and raising capital we can assist in consolidating the industry.

“We will be able to further invest and expand our offering to provide our customers with enhanced products, greater choice, and a more efficient process to develop and deploy their employees.”

In addition to the stock market listing, Mintra is also announcing the launch of their online training marketplace in the UK.

The marketplace currently offers 2,000 courses from 80 different training providers.

Mintra launched the training marketplace in Norway in 2010.

The organisation aims to continue to build on the success they have experienced in Norway and create the largest online, independent portfolio of training courses for safety-critical industries worldwide.

 

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