Learning Technologies Group is to acquire GP Strategies for $394m in cash.
GP Strategies will become a division of Learning Technologies Group and continue to go to market with its GP Strategies brand and offerings. The merger provides GP Strategies with a larger client base to provide its services to and increased global capability for greater growth opportunities.
Closing is expected in Q4 2021.
Analyst comments:
Learning Technologies Group provides digital learning software and platforms. GP Strategies will enhance Learning Technologies Group offering by providing: