Acquisition: Learning Technologies Group plc (AIM)
Learning Technologies Group plc (LTG), a global leader in the high-growth workplace learning and talent industry, has entered into an agreement to acquire E-Creators Pty Ltd (eCreators). The proposed acquisition is subject to regulatory approval and is expected to complete before the end of October 2020.
eCreators, established in 2007, is a content development and SaaS business that focuses on online education and all forms of learning technology. The business is based in Melbourne, Victoria and is Australia’s largest regional Moodle provider. eCreators aims to produce measurable learning outcomes structured around clients achieving organisational goals, through building educational technology platforms that are easy to use for learners and content that is easily absorbed.
The business will be integrated into LTG’s market-leading Moodle business, Open LMS. The addition enhances LTG’s position within the Australian market, adding significant corporate and further education clients.
Cash consideration at completion will be A$5.5 million (c.£3.1 million). Further performance payments, capped at A$6.5 million (c.£3.7 million) are payable in cash based on future growth targets.
Crowe's role and team
Crowe acted as the financial and tax due diligence advisors on the transaction. Our transaction services team was led by Mitesh Patelia and George Lawford.
Client quote
Crowe delivered efficient and proactive support in a very timely manner during the eCreators transaction. We have been impressed with Crowe's ability to support our aspirations globally, having also supported us with the acquisition of Open LMS.
Jonathan Satchell, Chief Executive Officer, Learning Technologies Group plc
