LTG's Acquisition of GP Strategies: A Strategic Move in the Learning and Talent Industry

Learning Technologies Group plc (LTG), a leader in the high-growth workplace learning and talent industry, has made a strategic move by acquiring GP Strategies, a leading learning services and workforce transformation provider. This acquisition, valued at $394 million (£284 million), is set to expand LTG's international footprint, blue-chip client base, and cross-sell strategy, while introducing complementary capabilities and deep sector expertise in high-value industries.

The acquisition of GP Strategies brings new capabilities and deep sector expertise in high-value industries such as pharma, aerospace, and automotive, as well as capabilities like leadership development and technical training. This will enable LTG to target these high-value industries more effectively and offer a broader range of services to its clients. Additionally, GP Strategies' established presence in the US and growing brand in corporate China will deepen LTG's penetration into these markets.

Following the acquisition, LTG will have c.5,500 employees worldwide, reaching 80+ countries. This expanded global footprint, along with the combined businesses' revenue of c.£500 million, will provide LTG with an enhanced global presence and the ability to serve clients more effectively across different regions and time zones.

Jonathan Satchell, Chief Executive of LTG, commented on the proposed acquisition: "Today marks an important moment for LTG as we announce a significant expansion of our business through the proposed acquisition of GP Strategies, a leading learning services and workforce transformation provider. The proposed acquisition brings new capabilities and deep sector expertise in high-value industries. The acquisition provides LTG with a significant opportunity to expand on our long-term customer relationships while bringing a substantial new base of large global customers from GP Strategies."

Said Adam Stedham, Chief Executive Officer at GP Strategies: "I respect the accomplishments of Learning Technologies Group and their leadership team. We share the same positive outlook regarding our industry, and I am confident they will help continue to accelerate the momentum we have achieved the last few years. I believe their commercial expertise, business practices, and financial acumen, combined with our client relationship strategies, will create the world-class workforce transformation company we all want."

In conclusion, LTG's acquisition of GP Strategies is a strategic move that will enhance its global footprint, blue-chip client base, and service offerings. By integrating GP Strategies' complementary capabilities and deep sector expertise, LTG will be well-positioned to become a leading workforce transformation business focused on learning and talent. This acquisition is expected to generate significant synergies and drive long-term growth for LTG.