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Learning Technologies Group PLC reported at its annual general meeting on Wednesday a continuation of its strong business momentum into the first half of 2022.
The London-based digital learning and talent management services provider said the acquisition of GP Strategies has progressed ahead of plan, providing the group a platform to gain a further stake in the digital learning and talent management market.
In October, Learnings Technologies completed the acquisition of Maryland, US-based management consultant GP Strategies Corp for £284 million, which back then the company said the combined business would generate pro-forma revenue of around £500 million.
‘While mindful of the current macro environment, strong business momentum has continued into the first half of 2022 and we have a robust balance sheet that will support further strategic acquisitions in due course, underpinning the board's confidence of significant progress,’ said Chair Andrew Brode.
Learning Technologies said it will post a trading update on July 26.
Shares in Learning Technologies were up 2.3% at 111.80 pence on Wednesday morning in London.
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