Pearson plc (LSE:PSON) entered into an agreement to acquire Personnel Decisions Research Institutes Inc. from SHL US Inc. for an enterprise value of $190 million on December 19, 2022. The consideration will be funded from Pearson's existing cash and available liquidity. The transaction is subject to regular closing conditions, including any required regulatory filings or approvals and completion of the acquisition is expected to occur during H1 2023.

PDRI will join Pearson's Assessment & Qualifications division. The acquisition will be accretive to growth and margins for our Assessment & Qualifications division, as well as driving returns for shareholders. Alasdair Balfour, Peter Banks, Femke Bierman, Paul Burns, Karan Dinamani, Philip Jarvis, Brian Jebb, Elaine Johnston, Dave Lewis, Gordon Milne, Nigel Parker, Monika Przygoda, Maura Rezendes, Kenneth Rivlin, Pietro Scarfone, Neil Sinha, Richard Tredgett, Adam Zecharia of Allen & Overy acted as legal advisor to SHL.