viewLearning Technologies Group PLC

Learning Technologies Group continues on 'active pipeline' of acquisitions with eThink Education

Learning Technologies Group PLC's (LON:LTG) Jonathan Satchell talks to Proactive London's Katie Pilbeam about their announcement to acquire privately-owned eThink Education for an initial cash consideration of US$20mln.

Satchell says 'we now have a $30mln plus revenue business' in this $200mln market which is growing fast. He predicts they will continue to grow into the 'mid teens' organically.

eThink is a North American company operating in the high-growth open-source learning management systems (LMS) market.

Satchell says to expect more acquisitions towards the latter part of next year and news on a 'very large contract with the Royal Navy'.

Quick facts: Learning Technologies Group PLC

Price: 165.4 GBX

Market: AIM
Market Cap: £1.22 billion

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