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GP Strategies Acquires CLS Performance Solutions

COLUMBIA, Md. and LONDON, Sept. 5, 2017 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has acquired certain assets and the business of CLS Performance Solutions Limited (CLS), an independent provider of Enterprise Resource Planning (ERP) end user adoption and training services in the United Kingdom. CLS will operate as part of GP Strategies’ Performance Readiness Solutions group effective September 1, 2017. This acquisition will extend GP Strategies’ ability to deliver ERP systems training and user adoption services in the United Kingdom and throughout Europe.

CLS highlights:

  • Established in 2011 and headquartered in London, England
  • Develops and delivers successful learning solutions for ERP implementations for large multinational clients
  • Holds expertise with a variety of ERP solutions
  • Awarded the prestigious Gold Standard Accredited Learning Provider status by the Learning and Performance Institute (LPI), for its 6th year
  • Maintains a team of Training Accreditation Programme (TAP) Certified L&D Practitioners
  • Generated revenues of approximately $3 million (£2.3 million) in its most recent fiscal year

Deborah Ung, Executive Vice President of GP Strategies’ Performance Readiness Solutions group, said, "We have a long history of partnering with CLS to support client user adoption and change initiatives associated with ERP implementations. It is a natural fit to have them join the GP Strategies team so we can more strategically support both our customers and partners in Europe."

Carol Ann Tomlinson, CLS founder, stated, "We are thrilled to be joining GP Strategies. This acquisition allows us to better serve our global customers and strategic partners with greater depth in capabilities and talent."

Additional information may be found at http://www.clsperformance.com/.

About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ 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.

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.

© 2017 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.


SOURCE GP Strategies Corporation