Elkridge, MD. April 18, 2011. GP Strategies Corporation (NYSE: GPX) announced that on April 15, 2011 its principal operating subsidiary, global performance improvement solutions provider General Physics Corporation (GP), completed its previously announced acquisition of certain operating assets and the consulting business of RWD Technologies, LLC(RWD), a consulting company that enables and drives successful business transformations and front-line effectiveness for Fortune 500 companies. The purchase price at closing was approximately $28 million, which was paid by GP using cash on hand and borrowing under its revolving credit facility. There is no earnout associated with the acquisition. GP Strategies anticipates that the acquired business will be accretive to earnings per share.
About RWD Blog Editor
Kayla Ratz is a Marketing Manager for GP Strategies and the editor of the GP Strategies Blog, and the Performance Matters Blog for RWD Technologies, a division of GP Strategies. Her focus is on sharing thought leadership and insights across social media networks, and through collaboration efforts to support initiative success and enable knowledge sharing.
Creating collaboration in the work environment to help organizations drive performance.
Read the latest issue of Performance Matters on Initiative Success – Aligning business strategies, vision & enablement!
Articles include:
- Steering Around the Cultural Iceberg
- Executing Strategy
- A Key Role for Project Management in Strategic Initiatives
- Tying Intentions to Outcomes
- Abolish Understanding
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As you may have already heard, last week RWD announced the sale of our software products division to Court Square Capital Partners. Through this transaction, two companies have emerged that are specialized and dedicated, yet aligned with one another. RWD will continue to be a best-in-its-class consulting business, focused on helping clients maximize the performance of their people and assets through focused high-value services. ANCILE Solutions, Inc. will continue to sell and support software products previously developed by RWD. Read More
What barriers inhibit effective communication in your organization?
What forms communication work with your peers? Your supervisor? Your customers?
