Learning Technologies cleared to acquire GP Strategies

Digital learning and talent management company Learning Technologies announced the receipt of all regulatory clearances required for completing the acquisition of GP Strategies on Friday.

The AIM-traded firm said the transaction was now expected to complete on 14 October, subject to certain customary closing conditions.

It said the acquisition of the NYSE-listed GP Strategies would create a global business with more than 5,000 employees, and pro forma revenues of around £500m.

The “strategically compelling” combination would create a “world-leading” workforce transformation business focussed on learning and talent management, the board said.

“The acquisition of GP Strategies represents a transformational leap for our business,” said chief executive officer Jonathan Satchell.

“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.”

At 1103 BST, shares in Learning Technologies Group were up 0.2% at 202.6p.