GP Strategies Acquires Bath Consultancy Group for $3M

GP Strategies Corporation GPX, the corporate parent of General Physics Corporation, announced that GP's wholly-owned subsidiary, General Physics (UK) Ltd, has acquired Bath Consultancy Group. Bath Consultancy generated revenue of $3 million for the year ending April 30, 2009 and GP Strategies anticipates that the acquired business will have increased revenue and be accretive to earnings-per-share in 2011. GP utilized cash-on-hand to fund the acquisition.