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GP Strategies Acquires TTi GlobalCOLUMBIA, Md., Dec. 5, 2018 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has acquired TTi Global, a provider of training, staffing, research and consulting solutions to the global automotive industry and other key sectors. This acquisition significantly enhances GP Strategies' service offerings and customer base in the automotive industry, adding service training and multiple new markets, customer relationships and capabilities. TTi Global highlights include:
"The TTi acquisition is an important step in our progress towards the financial goals set forth in our previously disclosed long-term strategic plan, and most importantly putting GP Strategies back on a growth track," stated Scott N. Greenberg, Chief Executive Officer of GP Strategies. "This acquisition is directly aligned with our strategy of accelerating growth in the automotive industry, a large market with significant growth potential for our business." "The addition of TTi Global enhances GP Strategies' global platform as a comprehensive training provider, providing us with greater scale and depth of services to capitalize on global training opportunities," stated Adam H. Stedham, President of GP Strategies. "This acquisition will deliver immediate benefits to GP Strategies, giving us the ability to provide complete training services for dealership sales and service staff, as well as increased capability across Asia and Latin America in both automotive and non-automotive markets. In addition, this acquisition adds staff augmentation as a new service line for GP Strategies, allowing us to serve our clients' staffing needs. As clients continue to look for ways to transform their business and enhanc customer experience, we are now better positioned to help them on that journey." "The opportunity to join GP Strategies is exciting," said Lori Blaker, President & Chief Executive Officer of TTi Global. "Our shared expertise and experience in the automotive industry will enable us to broaden and deepen the value we deliver to our clients. Our combined leadership enhances our ability to serve as an automotive strategic partner." Investor Webcast and Conference Call The conference call may be accessed via webcast at: https://services.choruscall.com/links/gpx181206.html or by calling +1 (833) 535-2204 within the US, or +1 (412) 902-6747 internationally, and requesting the "GP Strategies Conference." The presentation slides broadcast via the webcast will also be available on the Investors section of GP Strategies' website the morning of the call. Participants must be logged in via telephone to submit a question to management during the call. The webcast will be archived on the Investors section of GP Strategies' website and will remain available for 90 days. Alternatively, a telephonic replay of the conference call will be available for one week and may be accessed by dialing +1 (877) 344-7529 in the US, or +1 (412) 317-0088 internationally, and requesting conference number 10126811. About TTi Global About GP Strategies Forward Looking Statement © 2018 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation. View original content to download multimedia:http://www.prnewswire.com/news-releases/gp-strategies-acquires-tti-global-300760885.html SOURCE GP Strategies Corporation |