Pearson to acquire PDRI for $190M

Pearson announces it has entered into an agreement with SHL Group to acquire Personnel Decisions Research Institutes, a trusted provider of workforce assessment services. PDRI has significant expertise in providing assessment solutions to the U.S. federal government, one of the largest employers in the U.S. with more than 4 million 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. Completion of the acquisition is expected to occur during H1 2023 subject to regular closing conditions, including any required regulatory filings or approvals. The consideration for PDRI represents an enterprise value of $190M, which will be funded from Pearson’s existing cash and available liquidity.