TIDMLTG

RNS Number : 4805O

Learning Technologies Group PLC

08 October 2021

Learning Technologies Group plc

("LTG", the "Group")

(AIM: LTG)

Regulatory Approval for Acquisition of GP Strategies

Learning Technologies Group plc, the provider of services and technologies for digital learning and talent management, is pleased to announce receipt of all regulatory clearances required ahead of completion of the acquisition of GP Strategies (NYSE: GPX).

The transaction is now expected to complete on 14 October, subject to certain customary closing conditions.

LTG's acquisition of GP Strategies will create a global business with more than 5,000 employees and proforma revenues of c.GBP500m. The strategically compelling combination will create a world-leading workforce transformation business focused on learning and talent management.

Jonathan Satchell, Chief Executive of LTG, said: " The acquisition of GP Strategies represents a transformational leap for our business. It creates a combination of award-winning technology, leading talent development skills and a global delivery capability. As an enlarged business, we will be well placed to enable a broadened array of corporate clients to recruit, train, motivate and retain their people in a world of increasing complexity and a rapidly changing relationship between talent and the workplace."

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) Dow Jones Newswires

October 08, 2021 02:12 ET (06:12 GMT)

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