Learning Technologies acquisition of GP Strategies 'ahead of plan'
Learning Technologies said in an update on Wednesday that the acquisition of GP Strategies was still progressing ahead of plan.
The AIM-traded firm, which was holding its annual general meeting, said the enlargement of the group would allow it to capture a greater portion of the $100bn addressable market in digital learning and talent management.
“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 chairman Andrew Brode.
“We are delighted by the progress made in the first half of this year and look forward to providing a trading update on 26 July.”
At 0918 BST, shares in Learning Technologies were up 1.37% at 110.8p.
Reporting by Josh White at Sharecast.com.