Its Healthcare division will significantly strengthen the activities of our subsidiary Relias. So OnCourse Learning is an excellent fit with our strategy. Kay Krafft, CEO of Bertelsmann Education Group, says: “At Bertelsmann Education Group, we focus on career-related learning in selected industries. The business, which is managed by CEO Jim Triandiflou, is also seeing significant organic growth. In recent years, Bertelsmann has repeatedly strengthened Relias through acquisitions, including in the field of performance metrics. The transaction will create one of the leading online education providers in the healthcare sector. Once the transaction has been completed, OnCourse Learning’s Healthcare division will be integrated into the Bertelsmann subsidiary Relias, which operates in the same industry.
In the future, we expect this share to rise to around 30 percent.” At the same time, the transaction will further strengthen our presence in the U.S., where we already generate more than 20 percent of our revenues. We are expanding our education business to include a company with considerable growth potential. Thomas Rabe, Chairman and CEO of Bertelsmann, says: “The acquisition of OnCourse Learning is an important strategic step for Bertelsmann in several respects. The company has an online library of around 22,000 courses. Each year, approximately 750,000 learners and 19,000 B2B customers use OnCourse Learning. It also operates a smaller division serving clients from the real-estate sector. Based in Brookfield, Wisconsin, the company employs around 375 people and provides digital corporate and advanced training courses for healthcare and financial services clients. antitrust authorities and is expected to close this fall.
The acquisition of OnCourse Learning has not been completed yet, pending approval by the U.S. Alongside the acquisitions of the Random House book group in 1998, the online education provider Relias in 2014, and the takeover of a 75-percent majority stake in Penguin Random House in 2017, this purchase is one of Bertelsmann’s largest transactions in the American market. The transaction further strengthens Bertelsmann’s presence in the U.S.
online education provider OnCourse Learning from the private equity company CIP Capital for an amount in the mid-nine-digit euro range. Mid-nine-digit euro range investment in growth platform Educationīertelsmann continues the expansion of its strategic growth area of education: The international media, services, and education Group is acquiring the U.S.
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