GP Strategies Acquires Bath Consultancy Group Expanding Global Leadership Development Capabilities
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 Bath Consultancy Group, a niche leadership and organisational development consulting firm located in the United Kingdom.
Bath Consultancy generated revenue of $3 million for the year ending April 30, 2009 and GP Strategies anticipates that the acquired business will have increased revenue and be accretive to earnings-per-share in 2011. GP utilised cash-on-hand to fund the acquisition.
Established in 1986 by three members of the University of Bath's School of Management, Bath Consultancy Group has a reputation for building exceptional customer relationships with leading global companies and for facilitating organisational change, senior leadership development, coaching and team coaching. Its client base includes a range of global organisations and many in the FTSE 100. Its primary services include change consultancy and organisation development, executive leadership and management development, executive coaching, coaching supervision and team coaching to a global client base through a global network of associates.
Scott Greenberg, Chief Executive Officer of GP Strategies, stated, "We believe that there will be growing demand for leadership training and organisational development services. Bath Consultancy Group's capabilities, reputation, and global delivery network will increase our ability to deliver those services to our clients throughout the world."
To learn more about Bath Consultancy, visit http://www.bathconsultancygroup.com.
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 organisations by delivering innovative and superior training, consulting and business improvement services, customised 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.
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