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NIIT acquires St. Charles Consulting Group

Atlanta (Georgia) [US]/ New Delhi [India], November 5 (ANI/BusinessWire India): NIIT Limited (NIIT), a global talent development corporation and leading provider of managed training services, announced today that it has acquired 100 per cent membership interest in St. Charles Consulting Group LLC (StC) through its wholly owned subsidiary, NIIT (USA), Inc. Headquartered in St. Charles, Illinois, StC is a leading provider of consulting, design, and implementation solutions for strategic learning programs to professional services firms and Fortune 500 companies. The acquisition was completed at a fixed consideration of USD 23.428 Million subject to certain adjustments as per definitive agreements. In addition, the definitive agreements provide for payment of annual performance based earnouts over the next four years. Founded in 2002, by two former Arthur Andersen Partners, St. Charles Consulting Group has a network of over 500 premier management consultants in the fields of learning, orga ....

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