The Swedish Competition Authority today approved AcadeMedia's acquisition of Vindora. The acquisition is expected to be completed on November 1, 2017, in line with previous communication.
Through the acquisition of Vindora, AcadeMedia will develop and invest in its Swedish operations in the field of vocational education with 33 upper secondary schools under the brand of Praktiska, three upper secondary schools under the brand of Hagströmska as well as Movant, which provides adult education at ten locations in Sweden.
Vindora had a pro forma turnover in 2016 of SEK 833 million and a pro forma EBITDA of approximately SEK 100 million. The purchase price amounts to SEK 546 million.
For more information, please contact:
Eola Änggård Runsten, CFO
Telephone: +46 8 794 4240
Christian Hall, Investor Relations
Telephone: +46 763 111 242
AcadeMedia creates opportunities for people to develop. The 15,000 employees at our 600 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 160,000 children and students are provided with a high quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe´s largest education company, with locations/facilities/presence in Sweden, Norway and Germany. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.academedia.se.