Marvin OnumonuMindtools, a provider of management and leadership skills development, has acquired Kineo, which delivers workplace learning solutions, from City & Guilds.
The move brings the two companies together under the ownership of Cambridge Information Group (CIG), and aims to expand their learning solutions to more customers globally.
The acquisition is expected to expand Mindtools and Kineo’s reach, offering a wider range of learning and development (L&D) services to customers in the UK and internationally.
Shabnam Shahani, CEO at Mindtools and Kineo, said: “This is a great opportunity for both businesses and our people, which will enable us to grow internationally, as well as remain at the forefront of innovation in Learning and Development.
“The L&D market is incredibly fast-moving and is continually evolving, both empowered and disrupted by unique technology.
“This makes it imperative for L&D companies to innovate and grow via the consolidation of complementary capabilities.”
Shahani added: “This acquisition enables both Kineo and Mindtools to leverage our combined L&D expertise to offer compelling workplace performance solutions to address a broader spectrum of customer needs, both domestically and internationally.
“With a combination of Mindtools’ award-winning and evidence-informed learning experiences and Kineo’s technology and services leadership, we can offer complete learning solutions across content, courses, consultancy, platforms, managed services, analytics and thought leadership.”
Vicky Bartolacci, executive director at Kineo, said: “These are exciting times for Kineo. Mindtools shares our vision of crafting exceptional learning experiences that drive real results and enable us to deliver the innovative learning solutions we are known for.
“This acquisition offers us the strategic fit with the dedicated focus, expertise, and complementary portfolio needed to support our continued growth.”
Pankaj Sharma, managing director and head of private investments at CIG, said: “We are delighted to welcome Kineo to the Mindtools family.
“We believe in building companies for long-term success and are passionate about learning.
“With complementary products, significant scale and shared expertise, Mindtools and Kineo can help deliver transformative results for organizations and individual customers worldwide.”
