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MPS Limited — M&A Activity 2025
Oct 28, 2025
62623_rns_2025-10-28_1c158313-56c6-41ff-baed-a8d8bd16acc1.pdf
M&A Activity
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Ref: MPSL/SE/73/2025-26 Date: 28 October 2025
National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot no. C/1, Department of Corporate Services G Block, Bandra – Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Towers Mumbai - 400 051, India Dalal Street, Mumbai- 400001, India Symbol: MPSLTD Scrip Code: 532440 ISIN: INE943D01017 ISIN: INE943D01017
Dear Sirs ,
Sub: Press Release- MPS Interactive Systems Limited Completes 100% Acquisition of the Liberate Group.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a press release issued by MPS Limited (“the Company”) today regarding the 100% Acquisition of the Liberate Group, comprising Liberate Learning Pty Ltd (Australia), App-eLearn Pty Ltd (Australia) and Liberate eLearning Pty Ltd. (Australia), by MPS Interactive Systems Limited, a material subsidiary of the Company.
This is for your kind information and record.
Thanking you,
Yours Faithfully, For MPS Limited
Raman Digitally signed by Raman Sapra Date: 2025.10.28 18:26:36 +05'30' Sapra Raman Sapra Company Secretary and Compliance Officer
Encl: As Above
www.mpslimited.com
Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032-India, Tel: +91 44 49162222 Email: [email protected] Corporate Identification Number: L22122TN1970PLC005795
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Press Release
28 October 2025
MPS Interactive Systems Limited Completes 100% Acquisition of the Liberate Group
Noida, India: MPS Interactive Systems Limited (“MPSi”), a material subsidiary of MPS Limited (“the Company”), has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—Liberate Learning Pty Ltd, App-eLearn Pty Ltd, and Liberate eLearning Pty Ltd, in accordance with the valuation methodology as agreed under the transaction documents. Following this transaction, MPSi holds 100% of the issued and paid-up share capital of all entities forming part of the Liberate Group, which have accordingly become its wholly owned subsidiaries.
Rahul Arora, Chairman and CEO of MPS Limited, stated:
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 MPS Interactive Systems Limited (MPSi)
MPS Interactive Systems (MPSi), a subsidiary of MPS Limited, is a global learning solutions provider. The business was originally founded in 1990 as a part of one of India’s largest conglomerates, and was acquired by MPS in 2018, when it was rebranded as MPSi. MPSi was the first eLearning company worldwide to be assessed at Level 5 of SEI-CMM. It has since consistently been recognized by Training Industry among the Top 20 Companies for Content Development, Training Outsourcing, Gamification, and Experiential Learning Technologies. To further expand its global presence, MPSi acquired EI Design (India) in June 2022 and Liberate Group (Australia) in August 2023.
About MPS Limited (MPS)
MPS was established as a subsidiary of Macmillan Limited in 1970 to change how the world learns. After a change of ownership in 2012, MPS developed significant momentum because of consistent reinvestment in the business and considerable diversification by completing seven acquisitions between 2013 and 2020. Recently, MPS has entered a new growth phase by unlocking synergies between all its acquisitions. The journey to Vision 2027 for MPS is about building a serious scale that includes a market-oriented approach to drive organic growth and an enhanced acquisition playbook that involves acquiring growing assets at competitive prices instead of acquiring distressed assets at distressed prices.
About Liberate Group
Liberate Group (https://www.liberatelearning.com.au/) was established in 2010 by Rodney Beach (Group Managing Director). The Group comprises Liberate Learning Pty Ltd, Liberate eLearning Pty Ltd, and App-eLearn Pty Ltd, and is a leading provider of digital and blended learning solutions in Australia.
Liberate designs and delivers innovative eLearning and blended programs, offering end-to-end services including learning consulting, content development, immersive technologies (VR, 360° simulations, gamification), video animation, and deployment of scalable digital learning platforms.
The Group has a diverse and loyal customer base, primarily including blue-chip corporates, State and Commonwealth Government departments, and major educational institutions across Australia. With the phased acquisition by MPSi, the Group is positioned to expand its reach, strengthen operational synergies, and accelerate growth in the APAC region and beyond.
www.mpslimited.com
Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032-India, Tel: +91 44 49162222 Email: [email protected] Corporate Identification Number: L22122TN1970PLC005795