SAS PIXID entered into a definitive agreement to acquire VectorVMS from Learning Technologies Group plc (AIM:LTG) for $50 million on June 26, 2024. A cash consideration of $50 million is on a cash and debt free basis subject to customary adjustments. The Board of Directors will consider the use of proceeds from the Vector divestiture.

The transaction is supported by Keensight Capital. For the year ended December 31, 2023, Vector generated a revenue of $11.4 million and adjusted EBIT of $7.1 million. The transaction is expected to close in July 2024.

Khamran Ali, Nick Harper, Lorenzo Carlino, Bertie Whitehead, Adam Laikin of Goldman Sachs International acted as financial advisor to Learning Technologies Group plc. Nick Westlake, Ben Stoop, Tejas Padalkar of Numis Securities Limited acted as financial advisor to Learning Technologies Group plc. Jamie Ricketts, Emma Hall, Lucy Highland and Jemima Gurney of FTI Consulting acted as accountant to Learning Technologies Group plc.