Shabnam Shahani, CEO Mindtools and Kineo, says: "This is a great opportunity for both businesses and our people, which will enable us to grow internationally, as well as remain at the forefront of innovation in Learning and Development.  

"The L&D market is incredibly fast-moving and is continually evolving, both empowered and disrupted by unique technology. This makes it imperative for L&D companies to innovate and grow via the consolidation of complementary capabilities. This acquisition enables both Kineo and Mindtools to leverage our combined L&D expertise to offer compelling workplace performance solutions to address a broader spectrum of customer needs, both domestically and internationally."

Vicky Bartolacci, Executive Director, Kineo, says: "These are exciting times for Kineo. Mindtools shares our vision of crafting exceptional learning experiences that drive real results and enable us to deliver the innovative learning solutions we are known for. This acquisition offers us the strategic fit with the dedicated focus, expertise, and complementary portfolio needed to support our continued growth."

Employees and customers can expect business to continue as usual. We will continue to honor all customer relationships and deliver on promises.  

Initially, Kineo and Mindtools will run as standalone businesses. They will combine over time into a single business to pass on to our customers the advantages of a fully interconnected portfolio across content, services, technology, and data.  

City & Guilds and Kineo has been advised by IBIS Capital, a specialist investment bank and private investment firm with a focus on media, technology and service businesses in the education, training and work, and healthcare sectors. 

Mindtools has been advised by Deloitte, who provided financial due diligence and debt advisory services in support of the transaction.