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Vosper Thornycroft (VSP)


Wednesday 08 August, 2001

Vosper Thornycroft

Expands Learning Business

Vosper Thornycroft Holdings PLC
8 August 2001

8th August, 2001



Vosper Thornycroft (VT) has acquired Westminster Education Consultants (WEC)
for a total consideration of up to £5.0m. The consideration has been satisfied
by a payment of £2.25m at completion with further payments of up to £2.75m
based on future performance.

WEC, based in London, is a leading UK supplier of schools inspection services
to OFSTED and also provides a range of education consultancy services to the
DfES and Local Education Authorities. VT is a well-established provider of
training and education services to both young people and adults. This includes
vocational work based training, where VT is one of the UK's largest private
providers, and careers advice and guidance to young people where VT is the
largest provider.

VT Chief Executive Martin Jay commented: 'This acquisition continues our
strategy of developing a high quality business group relating to all age
learning. We believe that there are exciting opportunities for the private
sector linked to the Government's drive to raise standards in both academic
and vocational education. We intend to grow as a major player in this emerging
new market and become one of the governments key partners in raising

Notes to Editors:

  * Vosper Thornycroft is a leading civil contractor focusing on support
    services, shipbuilding and marine products. Together, these activities
    employ 7,500 people in a global network covering the UK, Europe, United
    States and the Middle East. Turnover is in the region of £400m per annum.

  * Support Services accounts for over 50% of turnover and consists of both
    military and civil activities. Military support covers all three services
    and includes training, plant and equipment maintenance and facilities
    management, while civil support focuses on training, education, careers
    advice and guidance and specialist technical services.

  * VT is one of the world's leading designers and builders of naval ships
    both for the RN and overseas customers. Products include destroyers,
    frigates, patrol vessels, attack craft, minehunters and smaller boats for
    the paramilitary and commercial market. Building in steel aluminium or
    fibre reinforced plastic.

  * VT marine products is an electronic/electrical systems business
    concentrated on the marine, offshore and power industries.

  * 'DfES' is the Department for Education and Skills.

  * 'OFSTED' is the Office for Standards in Education.


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