Expanding Global Expertise in E-Learning Content Development in
the United Kingdom
ELKRIDGE, Md.-- GP Strategies
Corporation (NYSE:GPX), the corporate parent of global performance improvement
solutions provider General Physics Corporation (GP), announced that GP’s
wholly-owned subsidiary, General Physics (UK) Ltd, has acquired Marton House
PLC, a provider of custom e-learning content development with expertise in
leadership and sales product training. Marton House generated revenue in excess
of $4 million for the year ending December 31, 2009 and GP Strategies anticipates
that the acquired business will have increased revenue and be accretive to
earnings-per-share in 2010. GP utilized cash-on-hand to fund the acquisition.
Established in
1986 and located in Bournemouth, UK, Marton House has a reputation for exceptional
customer satisfaction and the provision of engaging learner experiences. It
delivers award winning blended learning solutions to FTSE 250 companies. Its
primary services include the creation of e-learning training
material in the areas of people development,
performance management, technology and client specific systems,
processes and products integrated with a proprietary learning management
system and the provision of resources to conduct and support face to face
training for all levels of personnel.
Scott Greenberg,
Chief Executive Officer of GP Strategies, stated, “We continue to focus on our
key initiative of pursuing selective acquisitions of businesses that enhance
our service and product offerings on a global basis. We believe that Marton House’s
capabilities, combined with their industry experience, increase our ability to
deliver services to our customers throughout the world.”
To learn more
about Marton House, visit http://www.martonhouse.co.uk/.
About GP
GP is the
principal operating subsidiary of GP Strategies Corporation (NYSE:GPX). GP is a
global performance improvement solutions provider of sales and technical
training, e-Learning solutions, management consulting and engineering services.
GP’s solutions improve the effectiveness of organizations by delivering innovative
and superior training, consulting and business improvement services, customized
to meet the specific needs of its clients. Clients include Fortune 500
companies, manufacturing, process and energy industries, and other commercial
and government customers. Additional information may be found at http://www.gpworldwide.com.
We make
statements in this press release that are considered forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934. These statements
reflect our current expectations concerning future events and results. We use
words such as “expect,” “intend,” “believe,” “may,” “should,” “could,”
“anticipates,” and similar expressions to identify forward-looking statements,
but their absence does not mean a statement is not forward-looking. These
statements are not guarantees of our future performance and are subject to
risks, uncertainties, and other important factors that could cause our actual
performance or achievements to be materially different from those we project.
For a full discussion of these risks, uncertainties, and factors, we encourage
you to read our documents on file with the Securities and Exchange Commission,
including those set forth in our periodic reports under the forward-looking
statements and risk factors sections. Except as required by law, we do not
intend to update or revise any forward-looking statements, whether as a result
of new information, future events, or otherwise.
Contacts
GP Strategies Corporation
Scott N. Greenberg
Chief Executive Officer
410-379-3640
or
Sharon Esposito-Mayer
Chief Financial Officer
410-379-3636
or
Jamie Coffey
Director, Communications
443-255-3400
Source: GP
Strategies Corporation
