MPS Interactive Systems Limited (MPSi), a material subsidiary of MPS Limited, has finalized the acquisition of the Liberate Group, marking a significant expansion in its global learning solutions offerings. This strategic move strengthens MPSi's foothold in the Asia-Pacific region and enhances its capabilities in the corporate learning sector.

Acquisition Details

MPSi has completed the purchase of the remaining stakes in the Liberate Group companies:

The acquisition was executed through cash transactions, with the additional shares acquired at the following prices:

Strategic Implications

This acquisition aligns with MPSi's growth strategy in several key areas:

1. Market Expansion: Strengthens MPSi's presence in the high-growth APAC markets.
2. Service Portfolio: Enhances MPSi's capabilities in digital and blended learning solutions.
3. Client Base: Provides access to Liberate Group's diverse blue-chip customer base in Australia.
4. Technological Advancement: Incorporates Liberate's expertise in immersive technologies like VR and 360° simulations.

Financial Performance

The Liberate Group has demonstrated consistent financial performance over the past three years:

Management Perspective

Rahul Arora, Chairman and CEO of MPS Limited, commented on the acquisition: "The corporate learning sector is one of our most dynamic growth areas. The completion of the 100% acquisition of the Liberate Group further aligns with our strategic objective to expand our global footprint and deliver comprehensive, technology-enabled learning solutions to clients worldwide."

About Liberate Group

Established in 2010, the Liberate Group is a leading provider of digital and blended learning solutions in Australia. The group offers a range of services including:

• Learning consulting
• Content development
• Immersive technologies (VR, 360° simulations, gamification)
• Video animation
• Deployment of scalable digital learning platforms

With this acquisition, MPSi is positioned to leverage Liberate Group's expertise and client relationships to accelerate its growth in the APAC region and beyond.

Conclusion

The complete acquisition of the Liberate Group by MPS Interactive Systems Limited represents a significant step in the company's strategic expansion. By gaining full control of Liberate's operations, MPSi aims to strengthen its global learning solutions portfolio and deepen its presence across the Asia-Pacific region, potentially leading to enhanced market share and innovative offerings in the corporate learning sector.

MPS Limited announced that its material subsidiary, MPS Interactive Systems Limited (MPSi), has strengthened its position in the corporate learning market by increasing its stake in two Australian learning companies. MPSi has acquired an additional 17.50% stake in Liberate Learning Pty Ltd and App-eLearn Pty Ltd, raising its shareholding from 65.00% to 82.50% in these entities.

Acquisition Details

The acquisition was completed through cash consideration, with the following share prices:

This move is part of MPSi's strategic plan to enhance its presence in the corporate learning market, particularly in the Asia-Pacific (APAC) region. The company aims to benefit from improved operational synergies and efficiency gains arising from Liberate Group's scalable team and innovative business model.

Future Plans

MPSi plans to acquire the remaining 17.50% shareholding in Liberate Learning Pty Ltd and App-eLearn Pty Ltd, as well as the 35% shareholding in Liberate eLearning Pty Ltd, in the near term. This will complete MPSi's full acquisition of the Liberate Group entities.

About Liberate Group

Established in 2010, Liberate Group is a prominent provider of digital and blended learning solutions in Australia. The group offers a wide range of services, including:

• Learning consulting
• Content development
• Immersive technologies (VR, 360° simulations, gamification)
• Video animation
• Deployment of scalable digital learning platforms

Liberate Group has shown consistent growth, with revenues for the past three financial years ending June 30 as follows:

The group serves a diverse customer base, including blue-chip corporates, government departments, and major educational institutions across Australia.

Strategic Implications

Rahul Arora, Chairman and CEO of MPS Limited, commented on the acquisition: "The corporate learning sector is one of our most dynamic growth areas. The acquisition of an additional stake in Liberate Group further aligns with our strategic objective to expand our global footprint and deliver comprehensive, technology-enabled learning solutions to clients worldwide."

This acquisition is expected to enhance MPSi's capabilities in providing innovative education technology solutions and strengthen its position in the corporate learning industry. As the demand for digital and blended learning solutions continues to grow, especially in the post-pandemic era, this strategic move positions MPSi to capitalize on emerging opportunities in the global learning market.

The transaction complies with the provisions of the Foreign Exchange Management Act, 1999, and related regulations, ensuring adherence to regulatory requirements for overseas investments.

As MPSi continues to expand its global presence and service offerings, this acquisition marks a significant step in its growth strategy, potentially leading to enhanced value creation for MPS Limited and its stakeholders.