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Announced

Completed

Learning Technologies Group completed the acquisition of getBridge from Instructure for $50m.

Financials

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Transaction Value£36m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Online and Social Platforms

Friendly

learning platform

United States

Single Bidder

Private

Majority

Acquisition

Cross Border

Completed

Synopsis

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Learning Technologies Group, a provider of services and technologies for digital learning and talent management, completed the acquisition of getBridge, a learning and talent development software provider, from Instructure, an educational technology company, for $50m. "I am delighted to welcome Bridge to LTG. Bridge adds real strength and depth to our learning and talent offering for the mid-enterprise market, which has attractive structural dynamics. Since the onset of the global pandemic, we have continued to execute on our growth strategy, adapted to new environments and pursued a pipeline of acquisition targets that create long-term value for our stakeholders. With Bridge, we are building on our market-leading position in the strategically important area of digital talent development," Jonathan Satchell, LTG CEO.

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