Global performance improvement
solutions provider GP Strategies Corporation GPX announced today that
it has acquired UK-based Lorien Engineering Solutions (LES), a provider of
engineering design and project management services with specific expertise in
the food & beverage, manufacturing and life sciences industries.
GP Strategies can now provide further value to LES clients by offering
services including technical documentation, reliability and
maintenance, operational excellence, training needs analysis, and training
design, development and delivery. With the addition of LES, which represents
over 70 employees, the acquisition also expands the Company's design
engineering expertise beyond the United States into the UK and Poland. GP
Strategies anticipates that the acquired business will be accretive to
earnings per share in 2013.
LES highlights:
o Founded in 1985 with offices in Burton-on-Trent UK and Wroclaw, Poland
o Generated in excess of $11 million (or £7 million) in revenue for 2012
o Recognized by the Royal Society for the Prevention of Accidents with its
21st Gold Award, and a 7th Order of Distinction for occupational health
and safety in construction
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