COLUMBIA, Md. and STIRLING, Scotland, Sept. 5, 2017 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that its wholly-owned subsidiary, GP Strategies Training Limited, has acquired the entire share capital of YouTrain Limited (YouTrain), an independent training company delivering IT, digital and life sciences skills training throughout Scotland and North West England.
- Founded in 2006 and headquartered in Stirling, Scotland with regional offices in Glasgow, Inverness and Halifax
- Offerings include apprenticeships and employability training in partnership with Skills Development Scotland as well as corporate training and contract staffing services for commercial clients
- Holds an established and diversified customer base including large multinational corporations and public sector organizations
- Generated revenues of approximately $3.9 million in its most recent fiscal year
- Employs 43 people in the United Kingdom
- Accredited Microsoft Silver Learning Partner and the only Cisco Authorized Learning Partner based in Scotland
Scott Greenberg, Chief Executive Officer of GP Strategies, stated, “This acquisition expands our training capabilities in Scotland and provides us with additional capabilities in the IT (including cyber security) and digital apprenticeship market which we can offer to our levy and non-levy paying customers in England utilizing our existing Skills Funding Agency contracts and our Approved Apprenticeship Provider status. The acquisition of YouTrain further strengthens GP Strategies’ position as a major provider of vocational skills training in the UK.”
Duncan Macleod, the retiring Managing Director of YouTrain, said, “I’m very proud of what we’ve grown in the past few years in YouTrain: a profitable business which does a great job for its customers – learners and employers alike – and is a great place to work. I am delighted that we are now becoming part of a global company like GP Strategies which will give opportunities to continue profitable growth.”
To learn more about YouTrain, visit: https://www.youtrain.com/.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
© 2017 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.
SOURCE GP Strategies Corporation
For further information: Scott N. Greenberg, Chief Executive Officer, 443-367-9640, Sharon Esposito-Mayer, Chief Financial Officer, 443-367-9636; Ann M. Blank, Investor Relations, 443-367-9925