We read a lot about US companies buying British firms — less so when it’s the other way round. But that’s exactly what the Aim-listed e-learning and software outfit Learning Technologies Group (LTG) did with last month’s acquisition of Maryland-based GP Strategies.
GP has four times as many staff as LTG and generates twice the revenue at about $500 million (£370 million). The training specialist has a strong global presence and useful relationships with HSBC, General Motors, Boeing and Microsoft. LTG’s chief executive, Jonathan Satchell, thinks buying GP will be a catalyst for international expansion.
He has certainly been busy, completing five acquisitions in 2020 and three more in the early months of this year.
London-based LTG now has a spectrum of software and services
