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GP Strategies Corp Acquires Lorien Engineering Solutions Ltd

Tuesday, 18 Jun 2013 08:00am EDT 

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. 

Company Quote

-0.09 -0.28%
9:49am EST