EDD Education Dev

 

TIDMEDD 
 
RNS Number : 4199W 
Education Development Intl PLC 
18 November 2010 
 

                  EDUCATION DEVELOPMENT INTERNATIONAL PLC : EDD 
 
                     ACQUISITION OF SECTOR TRAINING LIMITED 
 
 
Education Development International plc, ("EDI" or the "Company"), the leading 
provider of accredited qualifications and assessment services, announces that it 
has acquired Taunton-based Sector Training Limited ("Sector Training") which 
provides a range of strategic consultancy and specialist training services to 
further education colleges. 
 
A cash consideration of GBP450,000 was paid on completion. Additional cash 
payments totalling GBP450,000 will be made in stages over three years and based 
on the successful transfer of business administration to EDI's head office and 
the continued active involvement of the two sellers as employees of EDI 
throughout the period. 
 
 
Benefits for EDI 
 
The Board believes that the acquisition of Sector Training will further 
strengthen EDI's presence in the important further education college market and 
complements other actions taken by EDI in this area over the past six months, 
including the appointment of Mr Ioan Morgan (previously principal of 
Warwickshire College) as the Company's further education policy advisor.  Sector 
Training's senior consultants work closely with a wide cross section of college 
leaders and the Directors believe that these links will provide the Company with 
an important opportunity to promote EDI's wider range of services to colleges. 
 
 
Information on Sector Training 
 
Sector Training was established in 2005 by the sellers, Mr Zbignew "Beej" 
Kaczmarczyk, Mr Jim Rawe and a partner who has now retired from the business. 
Both Mr Kaczmarczyk and Mr Rawe have extensive experience of providing 
consultancy and training services to colleges, building on their previous 
experience in senior management positions in further education colleges. 
Sector Training runs a programme of around 30 events each year and has provided 
high level management and funding consultancy services to over 60 colleges in 
the past 12 months.  Sector Training has a small permanent staff which is 
supplemented by a network of 20 consultants who have a wide range of experience 
and specialist expertise in areas including finance, management information 
systems, curriculum development and strategic planning. 
Commenting on the acquisition, EDI's Chief Executive, Nigel Snook said: 
 
"Sector Training is highly regarded in the further education college sector and 
the principal consultant, Beej Kaczmarczyk, is well known and works closely with 
a large number of college leadership teams. 
 
"The services provided by Sector Training integrate well with EDI's existing 
range, and the network of senior further education college contacts this 
acquisition brings marks an important point in our strategy to develop EDI's 
presence in this major area of the vocational education and training sector." 
 
 
For further information: 
 
+----------------------------------+----------------------------------+ 
| Education Development            | Walbrook PR  Limited             | 
| International plc                |                                  | 
+----------------------------------+----------------------------------+ 
| Nigel Snook - Chief Executive    | Paul McManus                     | 
| Paul Bird - Finance Director     |                                  | 
+----------------------------------+----------------------------------+ 
|                                  |                                  | 
| Tel: 024 7651 6510               | Tel: 020 7933 8787               | 
+----------------------------------+----------------------------------+ 
| www.ediplc.com                   | Mob: 07980 541 893               | 
+----------------------------------+----------------------------------+ 
|                                  | paul.mcmanus@walbrookpr.com      | 
|                                  |                                  | 
+----------------------------------+----------------------------------+ 
| Brewin Dolphin Ltd               |                                  | 
+----------------------------------+----------------------------------+ 
| Matt Davis                       |                                  | 
+----------------------------------+----------------------------------+ 
|                                  |                                  | 
| Tel: 0845 213 4851               |                                  | 
+----------------------------------+----------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQBGBDBCXBBGGI 
 

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