Edtech firm expands international reach with $50m US acquisition
A London-based digital learning specialist has grown its US footprint with the multi-million dollar acquisition of a skills development platform.
Learning Technologies Group (LTG) has agreed to acquire getBridge LLC and related assets (Bridge) from Instructure Inc for a cash consideration of $50m.
Bridge is a learning, performance and skills development platform for mid-enterprise organisations, headquartered in the US with operations in the UK and Hungary.
The deal is the latest for LTG as part of its acquisition strategy, with Bridge representing the firm’s seventh acquisition since its £81.8m placing in May last year.
Jonathan Satchell, chief executive of LTG, commented: “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.”
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