viewLearning Technologies Group PLC

Learning Technologies snaps up NetDimensions in £54mln deal

Terms of the offer are 100p per share or more than double the price in October

picture of handshake
Cash deal is worth £53.6mln

E-learning group Learning Technologies Group PLC (LON:LTG) has agreed to buy NetDimensions (Holdings) Limited (LON:NETD) through a cash deal that values the management software group at around £54mln.

Terms of the offer are 100p per share or more than double the price in October when NetDimensions announced it had received an approach.

LTG will fund the deal through a £46.5mln placing at 37.5p, which will will represent approximately 22.7% on the enlarged capital.

LTG's chairman Andrew Brode will provide a £5mln overdraft and Barclays a £3.5mln facility to make up the rest of the consideration.

Brode said LTG’s strategic aim has always been to build a dynamic portfolio of complementary businesses and an international e-learning business of scale. 

“We have made great strides towards achieving this ambition, whilst consistently delivering significant earnings growth both organically and through selective acquisition.

“Given the management's proven track record of creating value through acquisition, the board of Directors is confident that the Offer for NetDimensions represents another opportunity for us to generate significant additional value.”



Quick facts: Learning Technologies Group PLC

Price: 141 GBX

Market: AIM
Market Cap: £1.04 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Learning Technologies Group PLC named herein, including the promotion by the Company of Learning Technologies Group PLC in any Content on the...


Learning Technologies busy looking at suitable acquisitions after robust...

Learning Technologies Group PLC's (LON:LTG) Jonathan Satchell tells Proactive London's Andrew Scott the business put in a robust performance in the first half of 2020. He says retention rates have held up well despite the disruption caused by the coronavirus pandemic. LTG's expecting to report...

on 23/7/20

2 min read