Global player in delivering and managing education solutions CORE Projects & Technologies today announced the acquisition of an UK-based education solutions company ITN Mark Education.
CORE acquired ITN Mark for about $25-million, through its subsidiary Core Education and Consulting Solutions (UK), a press release issued here today said.
ITN Mark has a topline of $33-35-million and current EBIT margins are around 12%, the release said.
CORE Group's Chairman & Global CEO, Sanjeev Mansotra, said, "ITN Mark contributes towards the ultimate goal of making teaching globally competitive in each and every sector. ITN is already focused on imparting industry relevant training to the teachers. We are sure with this acquisition CORE will scale new peaks in its mission to take education to its next dimension."
ITN Mark was acquired from Ochre House, the recruitment outsourcing and talent management business backed by NBGI Private Equity.
ITN Mark is one of the leading providers of supply teachers and teaching assistants in England & Wales to primary and secondary schools. It also provides educational consulting services to academies and local authorities.
It is the eighth largest in size with a 5% market share of a total market of 430-million pounds (supply teachers and teaching assistant business).
