Learning Technologies Group plc (LTG), the integrated elearning services and technologies provider, has successfully completed the acquisition of NetDimensions, an integrated enterprise talent management software platform provider, for £53.6 million.
This deal enhances the Group's capability, introducing proprietary learning management technology to LTG's portfolio of specialist digital learning businesses. The acquisition of NetDimensions will also significantly expand LTG's geographical reach, particularly in the Asia-Pacific region.
NetDimensions is headquartered in Hong Kong with offices in the Philippines, Australia, the United Kingdom, the United States and Germany. The acquisition will bring cross-selling capablities for the Group's other businesses as LTG continues to introduce its portfolio of services and products to new regions.
Jonathan Satchell, chief executive of LTG, commented: "This is a momentous step in LTG's journey that materially enhances our capabilities and takes us closer to our goal of creating the world's leading learning technologies firm.
The addition of NetDimensions' platform bolsters our competitive edge and allows us to offer unrivalled capability and value, placing us firmly at the heart of the global learning industry. We are looking forward to welcoming our new colleagues and working with their customers and partners around the world."
NetDimensions will remain a separate operating company and brand within the Group.