Expanding Global Leadership Development Capabilities
Elkridge, MD. November 18, 2010.
– 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 organizational 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
utilized 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 organizational change, senior
leadership development, coaching and team coaching. Its client base includes a
range of global organizations and many in the FTSE 100. Its primary services
include change consultancy and organization 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 organizational 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.”
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