The Society of Manufacturing Engineers (SME) and Tooling University LLC (Tooling U) have signed a definitive agreement for SME to acquire all outstanding shares of Tooling U, a provider of online training for the manufacturing industry.
The substantial resources of SME’s certification products, in-person training and webinar offerings will be combined with Tooling U’s online training platform and more than 400 courses to provide the global manufacturing community with a comprehensive source of manufacturing knowledge.
“By 2012, it is estimated the United States alone will be short 3 million skilled workers,” said Barbara M. Fossum, PhD, FSME, and president of SME. “Acquiring Tooling U is part of a new initiative that will enable us to offer comprehensive learning and work force development solutions to help companies combat this increasing talent shortage, and to provide a much broader span of continuing education opportunities for member career growth.”
The closing of the transaction is expected at the end of September, and at that time, SME will be the sole shareholder. Tooling U’s online training complements SME’s highly regarded in-person training and certification programs to create a flexible, on-demand, customized and content-rich blended learning solution.
“As the world of knowledge delivery continues to evolve, we will leverage the expertise and wealth of knowledge among our members to accelerate the development of new learning programs and meet the changing needs of the marketplace,” Fossum said. The full range of SME professional development resources is designed to benefit educational institutions such as high schools, community colleges, tech schools and universities, as well as practitioners and companies.
With the power of its collective offerings, SME will fill the gap for individuals seeking advancement in their careers in many areas of a manufacturing organization through continuing education, including in manufacturing management and leadership, according to Mark Tomlinson, SME executive director and general manager.
Following the acquisition, SME’s Tooling U will continue to operate without interruption, providing online education with its existing staff from its base in Cleveland. Going forward, SME will invest in additional online courses and a more interactive interface to support all levels of employees from the machinist and shop-floor worker to manufacturing engineers and management personnel.
“No other entity in manufacturing has the history, expertise and reach of SME,” said Chad Schron, co-founder of Tooling U. “During the last decade, we have built Tooling U into the number one source of online training for the manufacturing industry. Now, with SME’s vast and growing resources, we will have the ability to provide our customers and SME members with new and enhanced online education along with a full portfolio of work force development options, all in one place.”