Written By:
Graeme Neill
Publication Date:
Tue, 09/08/2011 - 09:14
Pearson has bought German educational materials company Stark Holdings.
The company provides text preparation resources for pupils and teachers. It had sales of €20m for its most recent financial year and has gross assets estimated at €32.6m.
Pearson said the acquisition diversifies its German business and it expects to generate a return on the cost of capital a year after the acquisition formally goes ahead. It is subject to regulatory approval.
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