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Elkridge-based GP Strategies acquires U.K. company

GP Strategies Corp., of Elkridge, a provider of training, e-learning, management consulting and engineering services, announced that it has acquired U.K.-based Lorien Engineering Solutions, a provider of engineering design and project management services with specific expertise in the food and beverage, manufacturing and life sciences industries.

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GP Strategies tops Wall St. forecasts

GP Strategies, of Elkridge, reported a strong fourth quarter buoyed by revenue from acquisitions. The company, a provider of training, e-learning, management consulting and engineering services, reported net income of $6.1 million, or 32 cents per share, on revenue of $106 million, compared to net income of $5.9 million, or 31 cents per share, on revenue of $93.9 million for the year-ago quarter.

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