Learning Technologies Group PLC Acquisition of PDT Global (2353O)
08 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMLTG
RNS Number : 2353O
Learning Technologies Group PLC
08 February 2021
8 February 2021
Learning Technologies Group plc
("LTG", the "Group")
(AIM: LTG)
Acquisition of PDT Global
- Expands global reach and capabilities of LTG's Affirmity
business with Diversity & Inclusion training specialist
Learning Technologies Group plc , the provider of services and
software for digital learning and talent management, has acquired
UK-based PDT Global ('The People Development Team'), a leading
provider of online Diversity and Inclusion (D&I) training
solutions, for an initial cash consideration of GBP13.2
million.
PDT Global's founders and majority shareholders, Heather Butler
and Angela Peacock, will join the leadership team of Affirmity,
LTG's existing D&I business, headquartered in Irving, Texas.
The integration of PDT Global dramatically expands Affirmity's
global reach and capabilities within the high-growth D&I
training and consulting sector.
PDT Global delivered unaudited revenue of c.GBP4.8 million in
FY20 and EBIT of c.GBP2.0 million. The combination with LTG's
Affirmity business is compelling and we expect PDT Global to
continue its fast growth within LTG.
The acquisition, which completed on 5th February 2021, was
funded from LTG's cash resources and is expected to be immediately
earnings accretive. Further performance payments capped at GBP7.0
million are payable in cash, based on ambitious incremental revenue
growth targets in each of the years ending 31st December 2021, 2022
and 2023.
Jonathan Satchell, CEO of LTG, said: "I am delighted to announce
our acquisition of PDT Global, which has an outstanding reputation
as a trusted provider of high quality D&I learning solutions
and consulting services. It provides LTG with the ideal platform to
expand our Affirmity business beyond North America to an
international audience. We are thrilled to add capabilities that
further empower our clients to achieve their environmental, social
and governance priorities - and we look forward to seeing strong
results from the combined business."
ENDS
Enquiries:
Learning Technologies Group plc
Jonathan Satchell, Chief Executive
Neil Elton, Chief Financial Officer +44 207 832 3440
Numis Securities Limited (NOMAD and Corporate
Broker) +44 (0)20 7260
Stuart Skinner, Nick Westlake, Ben Stoop 1000
Goldman Sachs International (Joint Corporate
Broker) +44 (0)20 7774
Bertie Whitehead, Adam Laikin 1000
FTI Consulting (Public Relations Adviser) +44 (0)20 3727
Rob Mindell, Jamie Ricketts, Chris Birt 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 and Asia-Pacific.
About Affirmity
Affirmity provides a robust portfolio of software, services, and
training solutions that help customers minimise risk and experience
the positive impacts of Affirmative Action and Diversity and
Inclusion in the workforce. Drawing on more than 45 years of
experience, its software and team of experts guide diversity, HR,
and compliance teams to easily analyse diversity across the
organization, establish targets, identify gaps and insights into
causes, and track progress over time.
Affirmity serves more than 1,100 organisations, including global
corporations, mid-sized organisations, and small businesses.
For more information visit affirmity.com .
About PDT Global
PDT Global is a women-founded and led Diversity and Inclusion
training and consultancy firm, based in the UK, with a global
client base. Since 1998, it has delivered excellence in training
across strategy, cultural change, and leadership development. In
2009, it moved these skills into the inclusion space and began
making changes in the behaviours and practices of the clients it
served. Today, it operates across the world, bringing leading-edge
solutions for Diversity and Inclusion in multiple languages and
methods.
With deep expertise in both live virtual and digital design and
delivery, coupled with talented designers and facilitators, PDT
Global is the perfect choice for clients seeking to create
inclusion results at scale.
For more information visit pdtglobal.com .
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END
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