Regulatory Approval, Acquisition of GP Strategies
Learning Technologies Group plc
("LTG", the "Group")
(AIM: LTG)
Regulatory Approval for Acquisition of GP Strategies
Learning Technologies Group plc, the provider of services and technologies for digital learning and talent management, is pleased to announce receipt of all regulatory clearances required ahead of completion of the acquisition of GP Strategies (NYSE: GPX).
The transaction is now expected to complete on 14 October, subject to certain customary closing conditions.
LTG's acquisition of GP Strategies will create a global business with more than 5,000 employees and proforma revenues of c.£500m. The strategically compelling combination will create a world-leading workforce transformation business focused on learning and talent management.
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."
ENDS
Enquiries :
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Learning Technologies Group plc Jonathan Satchell, Chief Executive Neil Elton, Chief Financial Officer
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+44 (0)20 7402 1554 |
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Numis Securities Limited (NOMAD and Corporate Broker) Stuart Skinner, Nick Westlake, Ben Stoop
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+44 (0)20 7260 1000 |
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Goldman Sachs International (Joint Corporate Broker) Bertie Whitehead, Adam Laikin
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+44 (0)20 7774 1000 |
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FTI Consulting (Public Relations Adviser) Rob Mindell, Jamie Ricketts |
+44 (0)20 3727 1000 |
About LTG:
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 headquartered in London. The Group has offices in Europe, North America, LATAM and Asia-Pacific.
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