UK-based Walkgrove has been acquired by Swedish multi-discipline technology firm Semcon. Active in the automotive, energy, rail, life sciences, public sector, and telecom sectors, the purchase signals a push from Semcon into a new market, the UK. The financial details of the deal were not disclosed, and Walkgrove was consolidated into Semcon as of the 1st of the year.
Founded in 1994, Walkgrove designs and delivers customised e-learning solutions to public, private, and third sector clients including the Scottish Government, Transport for London, Tesco, Oxfam, and The UN. In addition to tailored learning offerings, the company also produces off-the-shelf trainings that focus on management, IT, and health & safety issues.
On the acquisition, Walkgrove managing director Sarah Smith comments, “This is a great opportunity for Walkgrove to complement Semcon’s products and services within learning. We had been approached by several interested organisations before finding the synergy and cultural fit that Semcon offers.”
With operations based near Nottingham and Derby in the UK East Midlands, Walkgrove’s 20 employees generated £1.4 million in sales in the 2020/2021 fiscal year. No indications of any staffing changes were indicated by Semcon.
“We are very pleased that Walkgrove is now becoming a part of Semcon. This will provide us with a solid base from which to grow our strong offering within digital and blended learning to existing and new customers in the UK. The East Midlands is an ideal location near customers in the rail industry cluster around Derby and close to Semcon’s existing operations within product information in Warwick, just south of Birmingham,” concludes Semcon’s Johan Ekener.