Pearson Buys Stark Holding From Syntegra Capital
09 August 2011 - 8:40AM
Dow Jones News
Pearson PLC (PSON.LN), an international learning company,
announced Tuesday the acquisition of Stark Holding from Syntegra
Capital.
MAIN FACTS:
-No financial details disclosed
-Stark is a provider of education materials including test
preparation resources for pupils and teachers.
-The company is widely recognized for its high quality products,
particularly in Maths, German and English.
-In addition, Stark develops lesson preparation materials for
teachers and career advice books.
-Stark had revenues of EUR20 million in the fiscal year ended
July 31, 2010 and has gross assets estimated at EUR32.6
million.
-Pearson's expertise in learning technologies and high quality
digital content combined with Stark's core business presents a
significant opportunity.
-It also diversifies Pearson's business in Germany - which
currently includes higher education textbooks and digital
resources, English Language teaching material and Professional
books - broadening Pearson's capabilities in line with its business
elsewhere in the world.
-Pearson expects the acquisition to enhance adjusted EPS and to
generate a return above Pearson's cost of capital from 2012, its
first full year after acquisition.
-The acquisition is subject to regulatory approval.
-Shares closed Monday at 1063.0 pence
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411;
zechariah.hemans@dowjones.com
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