During July 2008 Xpertise, the UK based ITIL training organization announced it had made an offer to takeover Parity training also UK based. In August 2008 the Xpertise shareholders rejected the resolution after it had received a takeover approach.
Privately owned QA-IQ specified that it was interested in taking over only Xpertise and stipulated that its offer was only valid if Xpertise withdrew from taking over Parity training. QA-IQ initial offer of £8.7m was subsequently increased to £9.6m.
On September 22 QA-IQ announced that its offer to acquire Xpertise Group PLC had been declared wholly unconditional.
ITILnews.com will continue to report on developments as they become public.
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