UK-based Learning Technologies Group announces plans to acquire US-based GP Strategies for $394 million

UK-based Learning Technologies Group announces plans to acquire US-based GP Strategies for $394 million

File this one under “something you don’t see every day,” UK-based edtech Learning Technologies Group has announced its plans to acquire NYSE-listed, Colombia, Maryland-based GP Strategies for $394 million.

LTG is an e-learning and associated technologies provider that was founded in 2013 and is a publicly-traded company on the London Stock Exchange. This will be the firm’s 12 acquisition to date. The funding needed to purchase GP Strategies was part-funded through a conditional underwritten $114 million equity placing

GP Strategies was founded in, wait for it ….. 1966, and provides customized training solutions focused on performance improvement initiatives, as well as consulting services, primarily to blue-chip enterprises. The company acquired a total of 20 firms over the course of its 55-year run.

“Today marks an important moment for LTG as we announce a significant expansion of our business through the proposed acquisition of GP Strategies,” commended LTG CEO Jonathan Satchell. “The proposed acquisition brings new capabilities and deep sector expertise in high-value industries. It provides LTG with a significant opportunity to expand on our long-term recurring customer relationships, while bringing a large new base of blue-chip customers from GP Strategies.”

Subject to terms and conditions of the deal, which include admission to AIM, the deal is expected to close in Q4 of this year. Learning Technologies Group was advised by DLA Piper.

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