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Mintra targets growth with head of acquisitions appointment

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Software and digital training company Mintra has appointed Valentinos Steliou to the new role of head of acquisitions.

Steliou will join Mintra’s senior management team tasked with identifying acquisition targets, evaluating prospects, completing deals and integrating acquired companies. The company said it plans to add at least one more company to its portfolio before the end of 2021.

Mintra has been on a growth drive since its 2020 IPO, purchasing Safebridge in February 2021 for EUR5.95 mln, almost doubling the company’s maritime eLearning portfolio.

Mintra’s Trainingportal Marketplace—which aims to bring training buyers and vendors together—continued its growth at the start of this year with Kongsberg Marine, EnerMech and Maersk joining the platform.

Scott Kerr, CEO of Mintra, said: “Our acquisitions of OCS HR in 2016, Atlas Knowledge in 2018 and Safebridge in 2021 illustrate our ambitions of becoming the pre-eminent provider of digital learning and HCM software to safety-critical industries the world over.”

Steliou said that the pandemic had accelerated the adoption of digital solutions in the usually more traditional maritime sector: “It’s an exciting time for the industry and Mintra is at the epicentre of it.”

“I share Mintra’s view that acquisitions should not be undertaken with the sole aim of growing the company. Our focus will be to find the right type of business to join the Mintra family: we want to provide value to our customers and the industries we serve while bringing their biggest asset – their workforce – further into the digital era,” said Steliou.

Steliou is also managing director of operations in Cyprus and was previously product manager at Safebridge.

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