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Oct. 2, 2012 /PRNewswire/ -- Global performance improvement solutions provider
GP Strategies Corporation(NYSE: GPX) completed its previously announced acquisition of
BlessingWhite, a provider of leadership development and employee engagement solutions that translate business strategies into results for its customers by developing more effective leaders and more engaged workforces.
The purchase price at closing, net of cash acquired, was approximately
$10 million, which was paid by GP Strategies using cash on hand and borrowings under its revolving credit facility. There is no earnout associated with the acquisition. GP Strategies anticipates that the acquired business will be accretive to earnings per share.