NIIT Learning Systems (NIIT MTS), a managed learning services company, has acquired Munich, Germany-based MST Group, a managed learning services company in the DACH region (Germany, Austria, Switzerland).
The company was acquired through NIIT MTS’ wholly owned subsidiary NIIT (Ireland) for €22.37 million (~$26.15 million).
With this acquisition, NIIT MTS expects to expand its presence in Europe’s fastest-growing region and increase market penetration in the automotive and industrial market segments while strengthening its portfolio of managed learning services with the addition of QuickStart Learning Academy capabilities. The addition of Hungary as a nearshore capability centre for Western Europe will improve NIIT MTS’s ability to offer onsite, multilingual services to its global clients.
Founded in 2009, MST Group employs over 100 people across Germany and Hungary. The acquisition adds seven market-leading automotive, industrial, and energy companies to NIIT MTS’ portfolio of Managed Training Services (MTS) clients, bringing the overall number of MTS clients to more than 100.
The acquisition will enable MST Group to bring NIIT MTS’ global reach and comprehensive, AI-enabled, end-to-end managed learning and consulting services to its clients.
The acquisition expands NIIT MTS’ capability portfolio with the addition of QuickStart Learning Academies, powered by MST Group’s exTra platform. QuickStart Learning Academies enable the design and operation of agile, customisable, and global one-stop academy models to service the evolving learning and development needs of large global enterprises.
The acquisition enhances NIIT MTS’ competitive position in the European market while providing growth opportunities for both companies’ client bases. The combined organisation will operate with over 2,500 learning professionals and more than 700 consultants across 32 countries, and a global network of over 5,500 learning providers and partners.
Sapnesh Lalla, Chief Executive Officer and Executive Director at NIIT MTS, said, “This strategic combination brings together MST Group’s established leadership and deep sector expertise in the automotive, industrial and energy sectors with NIIT’s global reach and comprehensive, AI-enabled, end-to-end managed learning & consulting services. Together, we will accelerate growth by combining regional excellence with global innovation and offer an expanded portfolio of services and domain expertise.”
Lena Jentsch, Chief Executive Officer of MST Group, said, “We are excited to join forces with NIIT MTS to expand our impact and capabilities across the globe. Our shared commitment to excellence turbocharges growth opportunities for our business by offering best-in-class, AI-powered, global managed learning services to our clients.”
Vijay K. Thadani, Vice Chairman & Managing Director, NIIT MTS, said, “MST Group is a significant addition to NIIT MTS’ family and marks a major next step in our global expansion strategy. Together, we’re setting out to reshape how companies achieve learning effectiveness at scale through future-ready managed learning services platforms.”
