Pearson to buy workforce assessment provider PDRI for $190m

by | Dec 19, 2022

Educational publisher Pearson said on Monday that it has agreed to buy workforce assessment services provider Personnel Decisions Research Institutes (PDRI) from SHL Group for $190m.
Pearson said PDRI has significant expertise in providing assessment solutions to the US federal government, one of the largest employers in the US with more than 4m employees.

“This acquisition further expands Pearson’s portfolio, accelerating the company’s strategy to capture new market opportunities and grow its presence with large employers,” it said.

PDRI will join Pearson’s Assessment & Qualifications division. Pearson noted that within this division, it already has “an established, strong working relationship” with PDRI, partnering to deliver assessments to federal jobseekers at Pearson VUE test centres.

Pearson said PDRI has a highly attractive financial profile with an impressive revenue growth opportunity, good margins and strong cash flow conversion. In the year ending December 2021, the business recognised revenues of $33m and delivered an EBITDA compound annual growth rate of 12% from 2018-2021.

Chief executive Andy Bird said: “We are pleased to have the opportunity to expand this important market for Pearson and our assessments business. Pearson and PDRI share a culture and commitment of serving trusted, secure, and innovative assessment solutions to major employers and millions of people looking to establish and grow their careers.

“Together, we will have a stronger proposition and a larger platform from which to drive future growth.”

Completion of the deal is expected in the first half of next year.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x