TIDMLTG

RNS Number : 1653P

Learning Technologies Group PLC

15 October 2021

Learning Technologies Group plc

("LTG", the "Group")

(AIM: LTG)

LTG Completes Acquisition of GP Strategies

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.GBP500 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 GBP85 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.

ENDS

Enquiries :

 
 Learning Technologies Group plc 
  Jonathan Satchell, Chief Executive              +44 (0)20 7402 
  Neil Elton, Chief Financial Officer                       1554 
 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                               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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END

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(END) Dow Jones Newswires

October 15, 2021 02:00 ET (06:00 GMT)

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