Key Developments: GP Strategies Corp (GPX.N)
23.46USD
1 Aug 2013
$-2.95 (-11.17%)
$26.41
$25.98
$25.98
$23.25
35,920
14,355
$27.78
$16.82
Latest Key Developments (Source: Significant Developments)
GP Strategies Corp Receives Contract To Provide Global Learning Services
GP Strategies Corp announced that it has been selected by HSBC as its Managed Services Integrator to provide global learning services. Under the multi-year agreement, GP Strategies expects to support HSBC's learning function transition to a more flexible and commercial operating model. Full Article
GP Strategies Corp Acquires Lorien Engineering Solutions Ltd
GP Strategies Corp announced that it has acquired UK-based Lorien Engineering Solutions (LES), a provider of engineering design and project management services, manufacturing and life sciences industries. GP Strategies can provide further value to LES clients by offering services including technical documentation, reliability and maintenance, training needs analysis, and training design, development and delivery. With the addition of LES, which represents over 70 employees, the acquisition also expands the Company's design engineering beyond the United States into the UK and Poland. GP Strategies anticipates that the acquired business will be accretive to earnings per share in 2013. Full Article
GP Strategies Corp Acquires Prospero Learning Solutions
GP Strategies Corp announced that it has acquired Prospero Learning Solutions, provider of custom learning and content development solutions. Financial terms of the transaction were not disclosed. Full Article
GP Strategies Corp Secures Contract
GP Strategies Corp announced that it has been awarded a base contract with three option years with the Defense Security Service (DSS), an agency of the U.S. Department of Defense (DoD), to provide continued support for their SumTotal Learning Management System (LMS) known as the Security Training, Education and Professionalization Portal (STEPP). GP Strategies is the incumbent DSS STEPP services provider and has been delivering professional consulting and technical services support to DSS since 2009. GP Strategies estimates that the contract has a value of approximately $7.5 million. Full Article
GP Strategies Corp Completes BlessingWhite Acquisition
GP Strategies Corp announced that it has completed its previously announced acquisition of BlessingWhite, a provider of leadership development and employee engagement solutions that translate business strategies into results for its customers by developing more effective leaders and more engaged workforces. The purchase price at closing, net of cash acquired, was approximately $10 million, which was paid by GP Strategies using cash on hand and borrowings under its revolving credit facility. There is no earnout associated with the acquisition. GP Strategies anticipates that the acquired business will be accretive to earnings per share. BlessingWhite will operate as a part of GP Strategies' Learning Solutions group. Full Article
GP Strategies Corp Acquires Rovsing Dynamics
GP Strategies Corp announced that it has completed its acquisition of operating assets of Rovsing Dynamics, provider of vibration condition monitoring hardware and software. The Rovsing Dynamics technologies enable owners and operators of rotating machinery to manage equipment downtime by providing early detection of developing faults. The acquisition also includes Rovsing Dynamics' contract backlog and personnel. Terms of the transaction were not disclosed. Full Article
GP Strategies Corp To Acquire Blessingwhite
GP Strategies Corp announced that it has signed an agreement to acquire BlessingWhite, a provider of leadership development and employee engagement solutions that translate business strategies into results for its customers by developing more effective leaders and more engaged workforces. The transaction is expected to close within the next 30 days. Under the terms of the agreement, the purchase price is approximately $10 million. GP Strategies expects to pay for the acquisition using cash on hand, and, if necessary, borrowing under its $50 million revolving credit facility. GP Strategies anticipates that the acquired business will be accretive to earnings per share in 2013. Full Article
GP Strategies Corp. Receives Blanket Purchase Agreement By US Department Of Health And Human Services
GP Strategies Corp. announced that it has been awarded a Blanket Purchase Agreement (BPA) by the US Department of Health and Human Services (HHS). The BPA will allow GP Strategies to continue to provide support for the HHS University (HHSU) Learning Management System (LMS), including hosting, Tier 2 helpdesk and technical support for over 120,000 users. GP Strategies estimates that the BPA has a value of approximately $3 million if all currently ordered services are continued for the base period and three option years, with the potential for greater value if additional services are ordered. GP Strategies was contracted to implement the HHS LMS in 2007 and has been providing application, hosting and helpdesk support since the system went live. During that time, GP Strategies also provided customer interfaces and reporting solutions, upgrade services and Talent Management best practices to ensure HHSU meets the training needs of its constituents. Full Article
GP Strategies Corp. Comments On FY 2012 Organic Revenue Growth Guidance-Conference Call
GP Strategies Corp. announced that for fiscal 2012, it would typically see, which would hopefully range in the area of 15% to 20% on organic revenue growth. Full Article
GP Strategies Corp. Purchases Maintenance Training Courseware From GP Strategies For Korea And UAE
GP Strategies Corp. and KEPCO Plant Services and Engineering Company, Ltd. (KEPCO KPS), a subsidiary of Korea Electric Power Corporation (KEPCO), have entered into a license agreement making available to KEPCO KPS the latest generation of GP Strategies' GPM PRO maintenance technician training course materials. KEPCO KPS, one of the power plant service companies, will use GPM PRO maintenance training course materials to train mechanical, electrical and I&C technicians to service KEPCO KPS power generation plants in Korea and to support the start-up of four nuclear power plants in the United Arab Emirates (UAE). Full Article

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