TTi Global, a training, staffing, research, and consulting company headquartered in Bloomfield Hills, has been acquired by GP Strategies Corp. of Columbia, Md. Terms of the deal were not disclosed.
GP Strategies says the acquisition significantly enhances its service offerings and customer base in the automotive industry, adding service training and multiple new markets, customer relationships, and capabilities.
“The opportunity to join GP Strategies is exciting,” says Lori Blaker, president and CEO of TTi Global. “Our shared expertise and experience in the automotive industry will enable us to broaden and deepen the value we deliver to our clients. Our combined leadership enhances our ability to serve as an automotive strategic partner.”
TTi Global was founded in 1976 and has offices in Australia, Brazil, Chile, China, India, Japan, Mexico, Peru, South Africa, Thailand, The Philippines, United Arab Emirates, and United Kingdom as well as the U.S.
It offers a wide range of services, including technical and non-technical training, staff augmentation services, and global research consulting, and generates $50 million in annual revenue.
“The TTi acquisition is an important step in our progress towards the financial goals set forth in our previously disclosed long-term strategic plan, and most importantly putting GP Strategies back on a growth track,” says Scott N. Greenberg, CEO of GP Strategies. “This acquisition is directly aligned with our strategy of accelerating growth in the automotive industry, a large market with significant growth potential for our business.”