Palladium has entered into a formal agreement to acquire managing contractor Scope Global from the South Australian Government.
Based in Adelaide and with more than 170 employees, Scope Global delivers inclusive international education, training, and skills development projects across the Indo-Pacific region, including for the Australian and New Zealand governments, the Department of Defence (DoD) and the Department of Education, Skills and Employment (DESE).
“Palladium and Scope Global are both passionate about driving sustainable change,” says Ron Erasmus, Palladium Managing Partner based in Australia.“So much of the work we do overlaps, and the rest is a perfect complement.”
Scope Global is particularly well known for managing scholarship programs in multiple countries – supporting opportunities for emerging leaders to undertake study, research, and professional development. These include the New Colombo Plan, Australia Awards South Asia and Mongolia, and Australia Awards in Myanmar.
These projects and capabilities will broaden Palladium’s work in education and workforce development, while allowing Scope to grow its impact through Palladium’s global footprint.
For South Australian Treasurer Hon. Rob Lucas, divesting the State’s wholly-owned interest in Scope Global is the right move, both to minimise the Government’s exposure to operational risks, and to act in tax-payer’s long-term interest.
“Scope Global has enjoyed significant growth and a return to strong profitability in the past two years, through a combination of new contract wins and supporting DFAT during the COVID pandemic,” he explains. “We are pleased that Palladium will retain the Adelaide office and welcome the company to South Australia.”
The new ownership is estimated to take full effect on 01 March 2022.
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