Learning Technologies completes £305m acquisition of GP Strategies
By Josh White
Date: Friday 15 Oct 2021
(Sharecast News) - Digital learning and talent management software company Learning Technologies Group announced the successful acquisition of GP Strategies on Friday.
The AIM-traded firm said the combined business would generate pro-forma revenue of about £500m, and provide LTG with an "enhanced global footprint" of more than 5,000 employees in over 80 countries.
"LTG has a strong track record of successfully integrating acquisitions and has identified significant margin enhancement and cross-sell opportunities," the board said in its statement.
"LTG expects the transaction to be significantly earnings per share accretive from 2022."
The company said the transaction was financed by an £85m share placing and $305m of debt financing, both completed in mid-July.
At 1419 BST, shares in Learning Technologies Group were down 0.1% at 202.2p.
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