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Pearson buys Stark Holdings
01.01.70 | Graeme Neill
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.
John Fallon, c.e.o. of Pearson's International business, said: "In many countries around the world, we see growing numbers of students wanting help to prepare for important examinations and to make the transition from school to college or University. Stark is already highly respected by German teachers, students and parents; with access to Pearson's digital solutions, it can play a bigger role in helping students to learn more effectively."