07:00 Mon 08 Feb 2021
Learning Tech Gp PLC - Acquisition of PDT Global
Learning Technologies Group plc
("LTG", the "Group")
(AIM: LTG)
Acquisition of PDT Global
- Expands global reach and capabilities of LTG's Affirmity business with Diversity & Inclusion training specialist
Learning Technologies Group plc , the provider of services and software for digital learning and talent management, has acquired
PDT Global's founders and majority shareholders,
PDT Global delivered unaudited revenue of c.£4.8 million in FY20 and EBIT of c.£2.0 million. The combination with LTG's Affirmity business is compelling and we expect PDT Global to continue its fast growth within LTG.
The acquisition, which completed on 5th February 2021, was funded from LTG's cash resources and is expected to be immediately earnings accretive. Further performance payments capped at £7.0 million are payable in cash, based on ambitious incremental revenue growth targets in each of the years ending
ENDS
Enquiries:
Learning Technologies Group plc
|
+44 207 832 3440 |
Numis Securities Limited (NOMAD and Corporate Broker)
|
+44 (0)20 7260 1000 |
Goldman Sachs International (Joint Corporate Broker)
|
+44 (0)20 7774 1000 |
FTI Consulting (Public Relations Adviser) |
+44 (0)20 3727 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
About Affirmity
Affirmity provides a robust portfolio of software, services, and training solutions that help customers minimise risk and experience the positive impacts of Affirmative Action and Diversity and Inclusion in the workforce. Drawing on more than 45 years of experience, its software and team of experts guide diversity, HR, and compliance teams to easily analyse diversity across the organization, establish targets, identify gaps and insights into causes, and track progress over time.
Affirmity serves more than 1,100 organisations, including global corporations, mid-sized organisations, and small businesses.
For more information visit affirmity.com.
About PDT Global
PDT Global is a women-founded and led Diversity and Inclusion training and consultancy firm, based in the
With deep expertise in both live virtual and digital design and delivery, coupled with talented designers and facilitators, PDT Global is the perfect choice for clients seeking to create inclusion results at scale.
For more information visit pdtglobal.com.
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