Lorien Engineering Solutions (LES) has announced that the company’s shareholding has been acquired by GP Strategies Corporation (GP Strategies) for an undisclosed sum, with effect from 12th June 2013.
There will be no management changes at LES, and it is very much business as usual. The company has its main operations in Burton on Trent UK and Wroclaw Poland, and delivers manufacturing projects in the brewing, drinks, food and life sciences industries.
The announcement follows a consistent period of growth for LES; the firm enjoyed its highest grossing year to date in 2012 and during the last 12 months has grown its workforce by 35%.
Steve Slater, managing director at LES, comments, “We believe that with GP Strategies as new shareholders, our clients and staff will benefit from the scale and internationalism of the GP Strategies business. The financial strength of GP Strategies will provide everyone with additional comfort and confidence for longer term relationships with Lorien Engineering Solutions, and will provide continued growth opportunities for the business.”
GP Strategies is quoted on the New York Stock Exchange (NYSE: GPX) with a market capitalisation of over $400m. The company specialises in the Support Services sector and focuses upon performance improvement solutions and engineering services for its global customers.
About Lorien Engineering Solutions Limited
Lorien Engineering Solutions (LES) is an engineering design and project management organization. With operations in Burton on Trent UK and Wroc?aw Poland, the company has a staff of circa 70 specialists who design and deliver manufacturing projects in the brewing, drinks, food and life sciences industries. LES is recognized as being the UK’s top engineering projects company in the Food & Drinks manufacturing sector. Other areas of specialism are sustainable energy schemes, waste to wealth, manufacturing performance improvement, and health & safety compliance.
Working for many of the world’s top manufacturing organisations within the UK and overseas, LES was recently awarded with their 21st Gold Award, and a 7th Order of Distinction for occupational health and safety in the construction, by Royal Society for the Prevention of Accidents (RoSPA).
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
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