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New Deal


Announced

NIRAS Group to acquire Lorien Engineering Solutions from Learning Technologies Group for $21m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Single Bidder

Cross Border

Majority

Private

engineering consultant

Engineering Consulting

Acquisition

Friendly

Pending

Synopsis

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NIRAS Group, a global engineering consultancy, agreed to acquire Lorien Engineering Solutions, an engineering design and project management services provider, from Learning Technologies Group, a digital learning and talent management firm, for $21m. "We are pleased that Lorien has found an excellent home in NIRAS which has the strategy and team to develop Lorien's offering. Alongside the carve-out of contracts from TTi, these transactions are further important steps in purifying GP Strategies' focus on its core mission of corporate learning and talent development solutions," Jonathan Satchell, Learning Technologies Group CEO.

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