{"id":361,"date":"2014-04-08T07:06:19","date_gmt":"2014-04-08T06:06:19","guid":{"rendered":"https:\/\/ltgplc.wpengine.com\/?p=361"},"modified":"2018-09-23T08:49:12","modified_gmt":"2018-09-23T07:49:12","slug":"ltg-to-acquire-line","status":"publish","type":"post","link":"https:\/\/ltgplc.com\/news\/ltg-to-acquire-line\/","title":{"rendered":"LTG to acquire LINE"},"content":{"rendered":"

In its first major acquisition since floating on AIM in November 2013<\/a>, Learning Technologies Group plc (LTG) today announces that it will acquire the entire share capital of LINE Communications.<\/p>\n

LINE will join Epic<\/a>, LTG\u2019s principal operating company, to form the UK market leader in the e-learning custom content market, and the combined company will have the requisite size, scope and reach to deliver complex, global learning solutions.<\/p>\n

The acquisition marks the first realisation of LTG\u2019s \u2018buy and build\u2019 strategy to create a learning technologies business with revenues in excess of \u00a350m.<\/p>\n

LINE was established in 1989<\/a> 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.<\/p>\n

Jonathan Satchell, CEO of LTG, commented:<\/p>\n

\u201cThis transaction will increase our capability and geographic reach to meet market demand. LTG\u2019s 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.<\/b><\/p>\n

We have a good acquisition pipeline and we look forward to updating shareholders in due course as we continue to grow our Group.\u201d<\/b><\/p>\n

The combined business will have UK offices in London, Brighton and Sheffield; international offices in New York and Rio de Janeiro and an overseas presence in Zurich. The expanded business provides an attractive platform for growth through \u00a0international expansion and acquisition.<\/p>\n

The senior management team will remain with the business. Piers Lea will join the Board as Chief Strategy Officer of LTG shortly, once the Board has finalised its search for an additional independent non executive director.<\/p>\n

For more commentary from Jonathan Satchell, listen to this short interview by BRR Media<\/a>.<\/p>\n

For full details, please read the RNS<\/a> or contact Matthew Smallwood\u00a0at +44 (0)20 7457 2020.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

In its first major acquisition since floating on AIM in November 2013, Learning Technologies Group plc (LTG) today announces that it will acquire the entire…<\/p>\n","protected":false},"author":17,"featured_media":399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts\/361"}],"collection":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/comments?post=361"}],"version-history":[{"count":0,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/posts\/361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/media\/399"}],"wp:attachment":[{"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/media?parent=361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/categories?post=361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ltgplc.com\/wp-json\/wp\/v2\/tags?post=361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}