NIRAS Gruppen A/S agreed to acquire Lorien Engineering Solutions Limited from GP Strategies Corporation for $21.4 million on December 4, 2023. NIRAS Group will pay a cash consideration of $21.4 million on a cash and debt free basis subject to customary adjustments. Lorien's management team will continue to be part of the leadership team in the company under its new ownership.

Completion is expected to take place in January 1, 2024, subject to the satisfaction of closing conditions. Nick Westlake, Ben Stoop, Tejas Padalkar from Numis Securities Limited acted as financial advisors to GP Strategies Corporation's parent Learning Technologies Group plc in the transaction. Mitesh Patelia, George Lawford, George McMullen and Edward Elliot of Crowe U.K. LLP acted as vendor due diligence provider to Learning Technologies Group.