LONDON: Further to its announcement of 8 October 2021, Learning Technologies Group plc, the provider of services and technologies for digital learning and talent management, is pleased to announce the successful completion of the acquisition of GP Strategies.
The combined business will generate pro-forma revenue of c.£500 million and provide LTG with an enhanced global footprint with over 5,000 employees in more than 80 countries. LTG has a strong track record of successfully integrating acquisitions and has identified significant margin enhancement and cross-sell opportunities. LTG expects the transaction to be significantly EPS accretive from 2022.
The transaction is financed by an £85 million share placing and $305 million of debt financing, both completed in mid-July.
The Board looks forward to updating shareholders on progress in early 2022.