Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK's Learning Technologies buys U.S. talent management firm for $150 million

Published 24/04/2018, 18:19
Updated 24/04/2018, 18:20
UK's Learning Technologies buys U.S. talent management firm for $150 million

(Reuters) - Britain's Learning Technologies Group Plc (L:LTGL) (LTG) said on Tuesday it would buy privately held talent management firm PeopleFluent Holdings Corp for $150 million (107.34 million pounds) to expand its presence in the United States.

LTG entered into a conditional agreement to buy PeopleFluent from investment mangers Bedford Funding I LP and Bedford HCM Holdings GP LLC, the London-based provider of workplace e-learning said in a statement.

"PeopleFluent brings a large installed base of customers and significantly expands our international footprint with its US presence. " LTG Chief Executive Jonathan Satchell said.

Waltham, Massachusetts-based PeopleFluent provides software solutions and services including for recruitment and compensation.

The all-cash deal is intended to be funded by a new share placement for about 80 million pounds, and up to about $48 million in debt financing, LTG said.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.