GP Strategies' Subsidiary Acquires Academy of Training

GP Strategies Corporation GPX announced that GP's wholly-owned subsidiary, General Physics Ltd, has acquired Academy of Training Ltd, an independent training provider located in the United Kingdom. Academy of Training generated revenue of $3.7 million for the year ending July 2010, 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.