COLUMBIA, Md., Oct. 15, 2021 /PRNewswire/ -- Learning
Technologies Group plc (LTG) is pleased to announce the successful
completion of the acquisition of GP Strategies.
The addition of GP Strategies enables expansion of LTG's
international footprint, blue-chip client base and cross-sell
strategy. GP Strategies will also provide deep industry expertise,
including targeted expansion sectors (such as pharma, aerospace and
automotive) and capabilities (such as leadership development and
The combined business will generate revenue of c.£500 million
and provide LTG with an enhanced global footprint, with over 5,000
employees in more than 30 countries.
Jonathan Satchell, Chief
Executive of LTG, said: "The acquisition of GP Strategies
represents a transformational leap for our business. It creates a
combination of award-winning technology, leading talent development
skills and a global delivery capability. As an enlarged business,
we will be well placed to enable a broadened array of corporate
clients to recruit, train, motivate and retain their people in a
world of increasing complexity and a rapidly changing relationship
between talent and the workplace."
Adam Stedham, President of GP
Strategies, said: "I am highly confident this merger represents the
ideal outcome for GP Strategies' shareholders, employees and
customers. The combination of two leading talent development firms
not only expands our reach and breadth of capabilities but also
positions us to be the world's leading workforce transformation
partner focused on learning and talent."
Commenting on the Group's plans for the enhanced offering,
Piers Lea, Chief Strategy Officer of
LTG said; "We will now work towards bringing the combination of GP
Strategies and LTG to our customers. We have begun the enticing
task of combining the excellent capabilities from both
organisations, providing a unique scale of skills and technologies
to help our customers remain competitive today and in the coming
The transaction is financed by an £85 million share placing and
$305 million of debt financing, both
completed in mid-July.
LTG is a leader in the growing workplace
digital learning and talent management market. The Group offers
end-to-end learning and talent solutions ranging from strategic
consultancy, through a range of content and platform solutions to
analytical insights that enable corporate and government clients to
close the gap between current and future workforce capability.
LTG is listed on the London Stock Exchange's Alternative
Investment Market (LTG.L) and is headquartered in London. The Group is present in over 30
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SOURCE GP Strategies Corporation