Learning Technologies Group

HEDLINE: Learning Technologies Group acquires LINE Communications for £9 million

UK-based Learning Technologies Group plc (LTG), parent company of Epic, announced the acquisition of LINE Communications for £9 million. £5.1m will be paid in cash and £3.9m in new LTG shares.

Combined LINE and Epic will form the UK market leader in the e-learning custom content market according to the press release. The senior management team of LINE, including Piers Lea, its CEO, will remain with the business.

Key Takeaway

LTG rebranded itself from In-Deed Online after it had acquired EPIC Group for £16.3 million in November 2013.

The acquisitions of Epic and LINE are part of LTG’s “buy and build” strategy to create a global e-learning leader with in excess of £50m of revenue. Besides growing the business organically, LTG also plans to make further acquisitions in the future.

“This transaction will increase our capability and geographic reach to meet market demand. LTG’s subsidiary Epic, and LINE, have strong complementary services and products and will combine leading teams in the market. These solid credentials in learning technologies will provide a platform for further growth and market consolidation.

We have a good acquisition pipeline and we look forward to updating shareholders in due course as we continue to grow our Group.”

states Jonathan Satchell, CEO of LTG.

LINE was established in 1989 and has a leading reputation in the e-learning marketplace as a designer of fully-blended learning solutions with particular strength in the automotive, corporate, defence and security, energy and mining, professional services and public sectors. The combination of Epic and LINE expands LTG’s scale, capabilities, and client base and creates a broader product platform especially in multi-device learning.

The entire existing equity of LINE is owned by the CEO Piers Lea and his wife.

Further Reading

  • Epic’s parent company LTG to acquire LINE | Epic
  • Learning Technologies Group plc officially commences trading on AIM | Epic

Link

ltgplc.com | epiclearninggroup.com | line.co.uk

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Kay Alexander

Managing Editor at EDUKWEST Europe
Kay Alexander is the Managing Editor of EDUKWEST Europe and Creative Director of Winkler Media.