Bertelsmann is to “step up” its investments in the education and digital media sectors in Brazil, China and India.
The company will also look to expand its existing activities in the areas of TV production, books, magazines and services in the three countries.
Thomas Rabe, chairman and c.e.o. of Bertelsmann, said: “Regional expansion is one of our strategic priorities. Brazil, China and India are among the largest economies in the world. In these countries, demographic trends, a growing middle class, and their increasing purchasing power are causing a rapid rise in demand for digital media, services and education. Accordingly, we will massively expand our businesses in all three countries in the years ahead and increase investment here. Our medium-term goal is to generate revenues of around one billion euros in our growth regions.”
Around 60 Bertelsmann executives from Europe, the U.S., China, India and Latin America met in New Delhi, India this week to discuss the company’s plans for India, China and Brazil.
Among the investments made by Bertelsmann in the last year are the investment in iNurture Education Solutions, a provider of higher education services in India, and the launch of a $30m educational technology fund in Brazil.