Verbrec has signed an agreement to sell its training subsidiary, Competency Training Pty Ltd, to RelyOn Australia Pty Ltd for $11.5 million cash consideration.
The transaction marks a significant milestone for both organisations. For Verbrec, it reflects a strategic refocus on its core capabilities across engineering, asset management, and operations & maintenance, while also strengthening its balance sheet and positioning the company to invest in growth opportunities and bolt-on acquisitions that support its purpose of enabling sustainable outcomes for clients and their customers.
Established in 2005, Competency Training has built a reputation as one of Australia’s most trusted registered training organisations, providing accredited courses in High Voltage Operation, Electrical Hazardous Areas, and Electrical Instrumentation. Its team and training facilities will now transition to RelyOn, a global leader in safety and technical training.
Mark Read, CEO of Verbrec, said:
“Competency Training has been a valued part of the Verbrec family for many years, and we are incredibly proud of the strong business and trusted brand that the team has built. With RelyOn’s global footprint and focus on training, this transition will provide new opportunities for Competency Training’s people and clients. At the same time, it allows Verbrec to reinvest in our core business and continue delivering solutions that support our clients’ sustainability and operational goals.”
John Kelso, Managing Director of RelyOn Australia, added:
“This acquisition allows us to deepen our capabilities in electrical training and expand our reach across Australia. Together, we’re better equipped to support the energy transition and deliver the skills needed for a safer, more sustainable future.”
For more information refer to the ASX announcement here.
About Verbrec
Verbrec is a leading engineering, asset management, and infrastructure services provider operating across the entire asset lifecycle. From concept design to end-of-life management, Verbrec works closely with clients to deliver efficient, sustainable, and safe solutions, supporting their energy transition goals.
About Competency Training
Competency Training (formerly part of the Verbrec Group) has been a trusted provider of electrical, technical, and safety training across Australia. The organisation delivers high-quality, compliance-driven programs to industries including energy, mining, construction, manufacturing, and engineering.
About RelyOn
RelyOn delivers safety, compliance, and competence services to clients worldwide. With more than 40 facilities globally, RelyOn provides innovative training solutions, including digital learning, simulation technology, and SaaS applications. Its mission is to help clients protect people, assets, and the environment while supporting a safer, more sustainable future.
