LTG acquires Preloaded
Learning Technologies Group plc (LTG) is pleased to announce that it has acquired educational games company Preloaded, who specialise in creating games with purpose.
Preloaded was founded in 2000 and has a leading reputation as a BAFTA-winning applied games studio, designing games to utilise the power of gaming to engage, educate and communicate in the areas of learning, health, engagement and training. Preloaded works for organisations across the education, entertainment, publishing, advertising and broadcasting sectors with clients including Amplify (a subsidiary of News Corp), Disney, Science Museum Group, Wellcome and the BBC.
The acquisition of Preloaded marks a further step in LTG’s ‘build and buy’ strategy to consolidate the fragmented e-learning market and create a global leader in e-learning with in excess of £50m revenue.
Jonathan Satchell, CEO of LTG, said: “This exciting acquisition will bring additional skillsets, clients and talent to the Group opening up a new avenue in the important discipline of learning games and simulations for LTG to satisfy the growing demand for e-learning. Preloaded complements our existing businesses, Epic and the recently acquired LINE, and brings substantial opportunity to grow organically.”
According to recent research by Ambient Insight, ‘The 2012-2017 Worldwide Game-based Learning and Simulation-based Markets’, the global market for games-based and simulation learning is set to increase from $4bn in 2012 to $9bn by 2017. As LTG’s second acquisition, this is a strategic move to add the services of a specialist learning games company to the group, strengthening LTG’s position as a global end-to-end service provider of learning technologies.
The LTG Board believes that the purchase of Preloaded brings significant organic growth prospects, as the acquisition will enhance the Group’s offering and skillset to existing clients and brings substantial opportunity to expand the Group’s client base through Preloaded’s current relationships. Preloaded will bring a further 20 staff to the Group as well as additional offices in London.
Please read the RNS announcement for more information.