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AcadeMedia AB ( (SE:ACAD) ) has provided an announcement.
AcadeMedia, Northern Europe’s largest private education provider, is expanding its footprint in the Netherlands by acquiring MAM’s Kinderopvang, a preschool group founded in 2010 that operates 13 preschools with 860 childcare seats in the Apeldoorn region. The deal strengthens AcadeMedia’s local preschool organisation and complements its existing Dutch network of 33 preschools and 11 primary and secondary schools.
The acquisition advances AcadeMedia’s international growth strategy, which aims to derive 50 percent of its long-term revenue from markets outside Sweden’s schooling voucher system. Following the transaction, AcadeMedia will operate 46 preschools and 11 schools in the Netherlands, contributing to an international business that already accounts for more than 30 percent of group turnover and reinforcing the group’s platform in a prioritised market.
The most recent analyst rating on (SE:ACAD) stock is a Hold with a SEK105.00 price target. To see the full list of analyst forecasts on AcadeMedia AB stock, see the SE:ACAD Stock Forecast page.
More about AcadeMedia AB
AcadeMedia is Northern Europe’s largest education company, operating around 900 preschools, compulsory schools, upper secondary schools and adult education centres across Sweden, Norway, Germany, Finland, the Netherlands, Poland and the UK. With 23,500 employees serving approximately 213,500 children and students, the group focuses on high-quality education and long-term partnerships with local communities.
Average Trading Volume: 244,710
Technical Sentiment Signal: Buy
Current Market Cap: SEK9.88B
For a thorough assessment of ACAD stock, go to TipRanks’ Stock Analysis page.